4-Building Multifamily
New
For Sale
$700,000
30 Woodcliff Ave, Monticello, NY 12701
Multiple structures contain established rental units in Monticello, with access to local amenities and the surrounding Catskills region.
Property Size2,958 SF
Days on Market3
Property Features for 30 Woodcliff Ave
General Information
Standard status
Active
Size
2,958 SF
Property subtype
Commercial
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$8,159
Building Details
Building Size
2,958 SF
Year Built
1910
Buildings
4
Units
7
Listing Agency:
Keller Williams Hudson Valley Realty & United
Listed By:
Chaim Friedman
(347) 452-3273
Source:
Elliman
Added: Sep 4
Last Checked: Sep 6 at 12:11PM
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 Hudson Valley Realty & United
Investment Insights
Based on property information with market context.
This multifamily property consists of four buildings containing seven rental units. Built in 1910, the asset offers an existing residential income configuration across multiple structures, with the current physical condition providing a basis for future renovation or modernization work.
The property is located at 30 Woodcliff Ave in Monticello, NY. The Catskills setting provides access to local amenities and major routes. A Walk Score of 17 indicates a car-dependent setting, while the Bike Score of 35 reflects somewhat bikeable conditions.
The property is located at 30 Woodcliff Ave in Monticello, NY. The Catskills setting provides access to local amenities and major routes. A Walk Score of 17 indicates a car-dependent setting, while the Bike Score of 35 reflects somewhat bikeable conditions.
Key Highlights
- Four‑building multifamily property
- Seven rental units in place
- Built in 1910
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,582
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,640
$451.6K
Cap Rate 7%
$322,600
$322.6K
Cap Rate 9%
$250,911
$250.9K
Market Conditions
NOI Build-Up for 2,958 SF
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.
Gross rent
$44.7K $15.12/SF
− Vacancy
−$3.7K −$1.24/SF
EGI
$41.1K $13.88/SF
− OpEx
−$18.5K −$6.25/SF
NOI
$22.6K $7.63/SF
Area
Sullivan County, NY
Vacancy
8.20%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$451,640
Cap Rate 7%
$322,600
Cap Rate 9%
$250,911
Alternative Uses
Best Use
Apartment 5plus
$322.6K
$282.3K – $376.4K
NOI $22,582 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$811.3K
$709.9K – $946.6K
NOI $56,794 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Residential units
Location Intelligence
Trade Area within ½ mile
166
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 - Multiple structures contain established rental units in Monticello, with access to local amenities and the surrounding Catskills region.
Where is this multifamily property located?
The property is located at 30 Woodcliff Ave Monticello, NY.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Four‑building multifamily property; Seven rental units in place; Built in 1910
