Mixed-Use Property with
For Sale
$999,999
135 - 139 Union Street, Montgomery, NY 12549
The site pairs a food-service storefront and upstairs apartment with a separate neighboring residence.
Property Size3,228 SF
Price / SF$309.79
Days on Market226
Property Features for 135 - 139 Union Street
General Information
Standard status
Active
Size
3,228 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
R5
Additional Details
Mixed-Use Components
retail, residential
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$9,994
Building Details
Building Size
3,228 SF
Year Built
1954
Buildings
2
Stories
2
Units
3
Tenancy
Multi
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Richard Baxter · License #10401254733
(845) 494-4715
Source:
Croninreale
Added: Mar 14
Changed: Oct 23
Last Checked: Oct 23 at 9:55AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
At 135–139 Union Street, the property comprises two buildings. The commercial building includes an approximately 2,104-square-foot deli/pizzeria storefront with a kitchen, office, half bathroom, and parking for more than 20 vehicles. A separate apartment of approximately 1,124 square feet, with three bedrooms and one bathroom, occupies the second floor. The neighboring single-family residence measures approximately 782 square feet and has two bedrooms and one bathroom.
The property is zoned R5 and sits about half a mile from the Village of Montgomery center. Nearby community and commercial destinations include local restaurants, shops, banking and postal services, Montgomery Senior Center, Veterans Memorial Park, and the Wallkill River. The commercial space is currently used as a deli/pizzeria.
The property is zoned R5 and sits about half a mile from the Village of Montgomery center. Nearby community and commercial destinations include local restaurants, shops, banking and postal services, Montgomery Senior Center, Veterans Memorial Park, and the Wallkill River. The commercial space is currently used as a deli/pizzeria.
Key Highlights
- Approximately 2,104‑square‑foot storefront with kitchen, office, and half bathroom
- Second‑floor apartment: approximately 1,124 square feet, three bedrooms, and one bathroom
- Separate 782‑square‑foot residence with two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,290
Cap Rate
3.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,800
$785.8K
Cap Rate 7%
$561,286
$561.3K
Cap Rate 9%
$436,556
$436.6K
Market Conditions
NOI Build-Up for 3,228 SF
Gross rent
$58.1K $18.00/SF
− Vacancy
−$2.0K −$0.61/SF
EGI
$56.1K $17.39/SF
− OpEx
−$16.8K −$5.22/SF
NOI
$39.3K $12.17/SF
Area
Orange County, NY
Vacancy
3.40%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$785,800
Cap Rate 7%
$561,286
Cap Rate 9%
$436,556
Alternative Uses
Best Use
Retail
$561.3K
$491.1K – $654.8K
NOI $39,290 @ 7.0% cap · market cap 3.93%
Second Best
Mixed Use
$401.5K
$351.4K – $468.5K
NOI $28,108 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,530 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 12549, NY
10,349
Population
3,918
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
93%
High-School Grad
38.7 sq mi
ZIP Area
267
Density / Sq Mi
$125,000
Median Household Income
$66,250
Median Earnings
$1,606
Median Rent
$377,300
Median Home Value
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The site pairs a food-service storefront and upstairs apartment with a separate neighboring residence.
Where is this mixed-use property located?
The property is located at 135 - 139 Union Street Montgomery, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Approximately 2,104‑square‑foot storefront with kitchen, office, and half bathroom; Second‑floor apartment: approximately 1,124 square feet, three bedrooms, and one bathroom; Separate 782‑square‑foot residence with two bedrooms and one bathroom
