Mixed-Use Property with
For Sale
$749,000
107 Jefferson St, Monticello, NY 12701
Renovated commercial space and a separate residence share municipal water, sewer, parking, and a high-visibility commercial setting.
Property Size3,270 SF
Price / SF$229.05
Days on Market228
Property Features for 107 Jefferson St
General Information
Standard status
Active
Size
3,270 SF
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
The Maxx Group LLC
Listed By:
Maxine H Schulte · License #10491205538
(845) 866-4673
Source:
Searchhomesinlongisland
Added: Mar 1
Changed: Oct 1
Last Checked: Oct 12 at 8:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Maxx Group LLC
Investment Insights
Based on property information with market context.
This mixed-use property includes a renovated 1,500-square-foot commercial building and a separate 1,770-square-foot residence on 2.1 acres. The commercial space has a flexible layout, is currently occupied by a month-to-month tenant, and has updated finishes. The residence contains 4 bedrooms and 2.5 bathrooms and is described as fair and functional. The property also includes municipal water and sewer, a level site, and 20 parking spaces.
Located just off Route 17 at Exit 104, the site provides over 300 feet of road frontage along a busy commercial corridor in Monticello. Surrounding businesses and services include Dunkin’, Tillys Diner, motels, doctors’ offices, and the DMV. Resorts World Casino, Bethel Woods, the Kartrite Resort & Waterpark, and Monticello Motor Club are identified as being minutes away. Built in 1960, the property combines commercial and residential improvements with established access and visibility.
Located just off Route 17 at Exit 104, the site provides over 300 feet of road frontage along a busy commercial corridor in Monticello. Surrounding businesses and services include Dunkin’, Tillys Diner, motels, doctors’ offices, and the DMV. Resorts World Casino, Bethel Woods, the Kartrite Resort & Waterpark, and Monticello Motor Club are identified as being minutes away. Built in 1960, the property combines commercial and residential improvements with established access and visibility.
Key Highlights
- 2.1‑acre mixed‑use property with commercial and residential buildings
- 1,500‑square‑foot renovated commercial building with month‑to‑month tenant
- 1,770‑square‑foot residence with 4 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,911
Cap Rate
6.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,220
$918.2K
Cap Rate 7%
$655,871
$655.9K
Cap Rate 9%
$510,122
$510.1K
Market Conditions
NOI Build-Up for 3,270 SF
Gross rent
$78.5K $24.00/SF
− Vacancy
−$17.3K −$5.28/SF
EGI
$61.2K $18.72/SF
− OpEx
−$15.3K −$4.68/SF
NOI
$45.9K $14.04/SF
Area
Sullivan County, NY
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$918,220
Cap Rate 7%
$655,871
Cap Rate 9%
$510,122
Alternative Uses
Best Use
Office B
$655.9K
$573.9K – $765.2K
NOI $45,911 @ 7.0% cap · market cap 6.13%
Second Best
Retail
$563.9K
$493.4K – $657.9K
NOI $39,472 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$896.9K
$784.8K – $1.05M
NOI $62,784 @ 7.0% cap · market cap 8.38%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 12701, NY
12,360
Population
7,188
Households
1.7
Avg Household Size
38
Median Age
23%
College-Educated
78%
High-School Grad
61.0 sq mi
ZIP Area
203
Density / Sq Mi
$56,601
Median Household Income
$35,918
Median Earnings
$989
Median Rent
$178,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated commercial space and a separate residence share municipal water, sewer, parking, and a high-visibility commercial setting.
Where is this mixed-use property located?
The property is located at 107 Jefferson St Monticello, NY.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 2.1‑acre mixed‑use property with commercial and residential buildings; 1,500‑square‑foot renovated commercial building with month‑to‑month tenant; 1,770‑square‑foot residence with 4 bedrooms and 2.5 bathrooms
