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    530 W Broadway Monticello, NY 12701

    For Sale
    $6,999,900

    Multi Family - Monticello, NY

    Type:Single Family Attached
    Property size:
    12,768 SF
    Lot size:
    15.12 Acres
    Days on Market:
    188
    Last Refresh:
    Dec 6 at 3:06 pm

    Property Features for 530 W Broadway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Active
    Vegetation
    Wooded
    Zoning
    RM
    APN
    4601-109-0-0001-025-011
    Parking features
    Garage, Parking Lot
    Exterior features
    Level, Part Wooded
    Size
    12,768 SF
    Lot size
    15.12 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2023
    Number of units
    187
    Architectural style
    Other

    Keller Williams Realty (845) 928-8000 [email protected]

    Listing agent Melinda White (845) 928-8000 License #10301219669

    Listing date Jun 2, 2025

    MLS# H6307280 Listing URL

    Copyright © 2025 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.

    Overview

    Approved Townhome Complex in Monticello

    This 187-unit townhome complex represents a unique opportunity in a prime location. Eight units are completed, leased, and generating income, with 179 units ready to build. The project is designed and marketed as a high-end rental project but can be converted to individually owned townhomes. The current unit layouts offer 3 levels of living, with garages and a metro design concept with 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 just off Highway 17/86 and minutes from Bethel Woods, Resorts World, and downtown Monticello. The 15.12-acre lot offers scenic views of the Catskills. The property is located in Sullivan County, in Monticello, NY, 12701. The existing structures provide 12768 square feet of living area. The zoning is RM.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Monticello
    County
    Sullivan
    State
    New York
    Longitude
    -74.701146
    Latitude
    41.659924

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    FAQs

    What type of property is this?
    Apartment building - 187-unit townhome complex with 8 units completed and generating income.
    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: - Shovel-ready 187-unit townhome complex with 8 units already completed, leased, and generating income.; - Approved for immediate building with infrastructure in place.; - Prime location near Highway 17/86, Bethel Woods, Resorts World, and downtown Monticello.
    (845) 928-8000
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    530 W Broadway Monticello, NY 12701
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