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    Shovel-Ready Townhome Rental Development Title is generated by Realmo AI

    530 W Broadway, Monticello, NY 12701

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    Claim this Listing
    For Sale
    $6,999,900

    MULTI_FAMILY - Monticello, NY

    Lot size:
    15.12 Acres
    Added:
    May 28, 2024
    Days on Market:
    744
    Last Refresh:
    Jun 10 at 3:06 am

    Property Features for 530 W Broadway

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    RM
    Parking features
    Parking Lot, Garage
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    4601-109-0-0001-025-011
    Lot size
    15.12 Acres

    Taxes and HOA fees

    Tax Year
    2023

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2023
    Floors in Building
    2
    Number of units
    187

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    Listing Contact
    Melinda White
    Melinda White

    Listing agent Melinda White License #10301219669

    Listing office Keller Williams Realty 69 Brookside Ave. Ste 225, Chester, NY

    Listing date May 28, 2024

    MLS# H6307280

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 187‑unit townhome complex with 8 units completed, leased, and generating income, plus 179 units ready to build
    • Shovel‑ready development: most infrastructure already in place, including drainage ponds and underground utilities
    • Road cuts and clearing are complete, with building permits able to be pulled immediately
    • Located just off Highway 17/86 and minutes to Bethel Woods and Resorts World, with access to downtown Monticello
    • All‑electric systems noted: forced air heating, central air cooling, and an electric water heater
    • Utilities: public water and public sewer; parking includes garages and a parking lot

    Overview

    This approved, shovel-ready 187-unit townhome complex is offered for the first time and is currently partially completed. Eight units are completed, leased, and generating income, while 179 additional units are ready to build. The project’s concept features three levels of living and includes garages, with a “metro design” approach emphasizing functional flow, utility, and natural light. Most of the infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, and building permits can be pulled immediately.

    The property is located at 530 W Broadway in Monticello, New York, in Sullivan County, zoned RM. It is described as being just off Highway 17/86, with access to nearby employers and attractions including Bethel Woods and Resorts World, as well as a noted renaissance in downtown Monticello.

    For buyers and operators, the project is being marketed as a high-end, market-rate rental development, with the option to convert the design to individually owned townhomes if desired. With a portion already completed and operating, the remaining scope is positioned for phased buildout under the approved plan.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.6940081
    Latitude
    41.6574199

    FAQs

    What type of property is this?
    Apartment building - Approved 187-unit townhome complex with infrastructure in place and initial units completed, leased, and ready for expansion.
    Where is this apartment building located?
    The property is located at 530 W Broadway Monticello, NY.
    What is the asking price?
    The asking price for this property is $6,999,900.
    What are key features of this property?
    This property features: 187‑unit townhome complex with 8 units completed, leased, and generating income, plus 179 units ready to build; Shovel‑ready development: most infrastructure already in place, including drainage ponds and underground utilities; Road cuts and clearing are complete, with building permits able to be pulled immediately
    More about this property
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