Multifamily Property with Development
For Sale
$649,900
275-277 State Route 17b, Monticello, NY 12701
Two homes and a vacant parcel are zoned CI Commercial Industrial, subject to site plan approval.
Property Size2,128 SF
Lot Size4.92 Acres
Price / SF$305.40
Days on Market773
Property Features for 275-277 State Route 17b
General Information
Standard status
Active
Size
2,128 SF
Lot size
4.92 Acres
Property subtype
Multi Family
Zoning
CI
Property Condition
Severity
Repairs Needed
Evidence
need updates and repairs
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
1 x 4BR, 1 x 1+BR
Multifamily Units
2
Additional Details
Entitled
No
Taxes and HOA fees
Annual Taxes
$11,838
Building Details
Year Built
1950
Buildings
2
Listing Agency:
Malek Properties
(845) 798-2300
Listed By:
Carol Malek · License #31MA1121533
(845) 798-2300
Source:
Exitrealty
Added: Jul 19, 2024
Changed: Aug 29
Last Checked: Aug 29 at 11:24PM
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 Malek Properties
Investment Insights
Based on property information with market context.
This multifamily property comprises two homes on separate lots. One residence has four bedrooms, while the other has one+ bedroom; both have been rented for years and require updates and repairs. The residential lot contains 1.87+/- acres, and the second lot contributes 3.05+/- acres, an existing well, and no current building improvements. The homes were built in 1950 and use above-ground oil heating.
The property sits near Route 17 exit ramps, shopping, service stations, and the Racetrack NYS Route 17/Interstate-86 corridor. It also fronts the Gateway NYS Route 17B corridor. Zoning is CI, Commercial Industrial, with multiple uses subject to site plan approval, creating a property configuration that combines existing residential improvements with a separate development parcel.
The property sits near Route 17 exit ramps, shopping, service stations, and the Racetrack NYS Route 17/Interstate-86 corridor. It also fronts the Gateway NYS Route 17B corridor. Zoning is CI, Commercial Industrial, with multiple uses subject to site plan approval, creating a property configuration that combines existing residential improvements with a separate development parcel.
Key Highlights
- Two separate lots totaling close to 5 acres
- One home has four bedrooms; the second has one+ bedroom
- Second lot contains 3.05+/- acres, is vacant, and has an existing well
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
28
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
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Two homes and a vacant parcel are zoned CI Commercial Industrial, subject to site plan approval.
Where is this multifamily property located?
The property is located at 275-277 State Route 17b Monticello, NY.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two separate lots totaling close to 5 acres; One home has four bedrooms; the second has one+ bedroom; Second lot contains 3.05+/- acres, is vacant, and has an existing well
