135-139 Union Street, Montgomery, NY 12549
COMMERCIAL - Montgomery, NY
- Added:
- Mar 14, 2026
- Days on Market:
- 113
- Last Refresh:
- Jul 4 at 1:06 am
Property Features for 135-139 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10492
Utilities
- Sewer type
- Public Sewer
- Heating system
- Baseboard
- Water source
- Public
Building Details
- Year built
- 1954
- Floors in Building
- 2
Listing agent Richard Baxter License #10401254733 (845) 344-2800
Listing office KELLER WILLIAMS REALTY 69 Brookside Avenue Suite #225, CHESTER, NY (845) 344-2800
Listing date Mar 14, 2026
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Two separate buildings at 135 and 139 Union St in the Village of Montgomery Historic District
- Building #135 includes a deli/pizzeria storefront plus a 2nd‑floor apartment; deli/pizzeria is approx. 2,104 SF
- #135 storefront features kitchen, office, half bathroom, and ample parking for 20+ vehicles
- #135 2nd‑floor apartment has 3 bedrooms and 1 bathroom in approx. 1,124 SF
- Building #139 Union St is a neighboring single‑family home with 2 bedrooms and 1 bathroom in approx. 782 SF
- Utilities include public water and public sewer; heating is baseboard; year built 1954
Overview
The buildings are positioned in the Historic District of the Village of Montgomery, described as being about half a mile from the village center. The property is surrounded by local eateries, village boutiques and shops, and community and civic uses including banking and postal services. The remarks also reference proximity to community resources such as the Montgomery Senior Center and Veterans Memorial Park, as well as nearby recreational and scenic features.
For tenants and owners, the configuration offers flexibility by combining food service space with on-site residential use. Building #135’s storefront layout can support a restaurant or deli/pizzeria concept, while the apartment above provides a built-in residential component. With an additional single-family home included on the same offering, the overall setup may appeal to buyers seeking a property with both commercial and residential income streams under one roof.
Local Financial Insights For Apartment 5plus
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 | $141.5k | $35.28 |
| − Vacancy | −$5.1k | −$1.27 |
| EGI | $136.4k | $34.01 |
| − OpEx | −$61.4k | −$15.30 |
| NOI | $75.0k | $18.71 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Orange
- State
- New York
- Longitude
- -74.24212
- Latitude
- 41.521061
