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    530 Broadway Monticello, NY 12701

    For Sale
    $6,999,900

    Shovel-ready, 187-unit townhome complex, high ROI.

    Property size:
    12,768 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    313
    This exceptional investment opportunity presents a fully approved, shovel-ready development project in Monticello, NY. Situated on a sprawling 15.12-acre lot, this prime location offers 12,768 square feet of buildable space for a planned 187-unit townhome complex. Eight units are already completed, leased, and generating immediate income, providing a strong foundation for future growth. The remaining 179 units are ready for construction, offering significant potential for substantial returns. Currently designed as a high-end luxury rental project, the development can be easily adapted to individually owned townhomes, catering to diverse market demands. Each unit boasts a modern three-level design, incorporating garages and a thoughtful layout maximizing natural light and functional flow. Extensive infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, allowing for immediate building permit acquisition. This project addresses the critical need for housing in a rapidly expanding region, offering a lucrative opportunity for investors. Its strategic location near Highway 17/86, Bethel Woods, Resorts World Catskills, and the revitalized downtown Monticello provides exceptional accessibility and proximity to key attractions. Breathtaking Catskill Mountain views further enhance the desirability of this unique development. Don't miss this chance to capitalize on a truly exceptional investment.

    Property Features for 530 Broadway

    General Information

    Property type
    Other commercial real estate
    Square Feet
    12,768 SF
    Lot Size
    658,627 SF

    Building Details

    Year Built
    2023
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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 County
    State
    New York
    Longitude
    -74.69662
    Latitude
    41.65751

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    FAQs

    What type of property is this?
    Commercial real estate - Shovel-ready, 187-unit townhome complex, high ROI.
    Where is this commercial real estate located?
    The property is located at 530 Broadway Monticello, NY.
    What is the asking price?
    The asking price for this property is $6,999,900.
    (845) 928-8000
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    530 Broadway Monticello, NY 12701
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    Monticello, NY 12701
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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 Broadway Monticello, NY 12701
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