Prime Location Monticello
506 Broadway Monticello, NY 12701
For Sale
$599,000
Over 4000 sq ft commercial building for sale.
Property Size4,000 SF
Price / SF$149.75
Days on Market91
Property Features for 506 Broadway
General Information
- Standard status
- Active
- Size
- 4,000 SF
- Property subtype
- Commercial
Listing Agency:
Cronin & Company Real Estate
(845) 494-3678
Listed By:
Frank Muccari
(845) 494-3678
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 23 at 10:34AM
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 Cronin & Company Real Estate
Investment Insights
Based on property information with market context.
This property offers an incredible opportunity to own real estate in the heart of Monticello. The building features over 4000 sq ft of potential to locate a business or invest in the growing Village of Monticello. It includes a cafe space with indoor and outdoor seating, offering potential to grow a restaurant business. The property is located on Broadway in Monticello, in close proximity to Resorts World Casino, Monticello Motor Club and Waterpark, and Bethel Woods Performing Arts Center. The location has a walk score of 72, indicating it is very walkable, and a bike score of 44, indicating it is somewhat bikeable.
Key Highlights
- Prime location on Broadway in the heart of Monticello.
- Over 4000 sq ft of space suitable for business or investment.
- Cafe space with indoor and outdoor seating.
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.0k | $18.00 |
| − Vacancy | −$3.0k | −$0.76 |
| EGI | $69.0k | $17.24 |
| − OpEx | −$17.2k | −$4.31 |
| NOI | $51.7k | $12.93 |
4,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
DeFilippis Bakery
Bakery
Similar Off Market Nearby
- Kurly's Kommentary — 390 Broadway #5, Monticello, NY 12701, United States
- Château Antonia — 452 Broadway suite 3, Monticello, NY 12701
FAQs
What type of property is this?
Restaurant - Over 4000 sq ft commercial building for sale.
Where is this restaurant located?
The property is located at 506 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location on Broadway in the heart of Monticello.; Over 4000 sq ft of space suitable for business or investment.; Cafe space with indoor and outdoor seating.
