High-Income Multifamily Property For Sale

384-386 Broadway, Monticello, NY 12701

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For Sale

$1,099,000

Multifamily property with strong cash flow and upside potential.

Type:Commercial

HighLights

High‑income multi‑family property with strong in‑place cash flow.
Significant upside potential through increased rents or re‑leasing the vacant basement.
Prime location near shopping, dining, public transportation, and local amenities.
Stable occupancy supported by desirable location.
Includes a commercial storefront generating $1,500/month.
Two buildings with a total of 18 residential units.

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Listing Contact

Shlomo Meisels

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For Sale

$1,099,000

Multifamily property with strong cash flow and upside potential.

Type:Commercial

Added:: Apr 21, 2026
Days on Market:: 55
Last Refresh:: Apr 21 at 1:06 am

Property Features for 384-386 Broadway

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1893

We can help!

Listing Contact

Shlomo Meisels

Listing agent Shlomo Meisels

Listing office

Listing date Apr 21, 2026

Source Elliman

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All listing content including descriptions, pricing, images are the copyrighted material of Shlomo Meisels

HighLights

High‑income multi‑family property with strong in‑place cash flow.
Significant upside potential through increased rents or re‑leasing the vacant basement.
Prime location near shopping, dining, public transportation, and local amenities.
Stable occupancy supported by desirable location.
Includes a commercial storefront generating $1,500/month.
Two buildings with a total of 18 residential units.

Overview

This multifamily property presents an excellent investment opportunity, offering a high-income stream with significant upside potential. The property is ideally located near shopping, dining, public transportation, and local amenities, which supports stable occupancy and long-term value. Building #1 features 14 rental units, with 9 units renting for $675 per month and 5 units renting for $700 per month. Building #2 includes 4 rental units at $675 per month, along with a commercial storefront generating $1,500 per month. The basement, previously used as a bar, is currently vacant and offers additional income potential if re-leased. The location has a walk score of 72, indicating it is very walkable, and a bike score of 44, indicating it is somewhat bikeable.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Location Insight

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Local Demand

City: Monticello
County: Sullivan
State: New York
Longitude: -74.682297
Latitude: 41.6541073

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For sale
Apartment buildings
NY
Monticello
12701
384-386 Broadway

What type of property is this?

Apartment building - Multifamily property with strong cash flow and upside potential.

Where is this apartment building located?

The property is located at 384-386 Broadway Monticello, NY.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: High‑income multi‑family property with strong in‑place cash flow.; Significant upside potential through increased rents or re‑leasing the vacant basement.; Prime location near shopping, dining, public transportation, and local amenities.