Mixed-Use Building with Unfinished Upper
For Sale
$1,700,000
452 Broadway, Monticello, NY 12701
Four commercial tenants occupy the renovated storefronts, while the upper level remains available for future build-out.
Property Size7,316 SF
Lot Size0.60 Acres
Price / SF$232.37
Days on Market88
Property Features for 452 Broadway
General Information
Standard status
Active
Size
7,316 SF
Lot size
0.60 Acres
Property subtype
Commercial
Zoning
B2
Occupancy
100%
Additional Details
Tenant in Place
Yes
Property Use
Mixed Use
Taxes and HOA fees
Annual Taxes
$6,999
Building Details
Building Size
7,316 SF
Year Built
1920
Buildings
7
Stories
2
Units
4
Tenancy
Multi
Listing Agency:
Curasi Realty, Inc.
(845) 457-9174
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Croninreale
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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 Curasi Realty, Inc.
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Investment Insights
Based on property information with market context.
At 452 Broadway, this 7,316-square-foot mixed-use property combines renovated commercial storefronts with an unfinished second floor. Four commercial tenants occupy the building, which is reported as 100% occupied. The parcel measures 25,950 square feet, and the building dates to 1920.
Approximately 5,000 square feet on the upper level is unfinished, with new windows already installed. The space may support residential apartments or professional and medical office configurations, subject to municipal approvals. The property is zoned B-2 and is located in Monticello, New York.
Approximately 5,000 square feet on the upper level is unfinished, with new windows already installed. The space may support residential apartments or professional and medical office configurations, subject to municipal approvals. The property is zoned B-2 and is located in Monticello, New York.
Key Highlights
- 7,316‑square‑foot mixed‑use property on a 25,950‑square‑foot lot
- 100% occupied by four commercial tenants
- Approximately 5,000 square feet of unfinished second‑floor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,310
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,200
$1.8M
Cap Rate 7%
$1,261,571
$1.3M
Cap Rate 9%
$981,222
$981.2K
Market Conditions
NOI Build-Up for 7,316 SF
Gross rent
$131.7K $18.00/SF
− Vacancy
−$5.5K −$0.76/SF
EGI
$126.2K $17.24/SF
− OpEx
−$37.8K −$5.17/SF
NOI
$88.3K $12.07/SF
Area
Sullivan County, NY
Vacancy
4.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,766,200
Cap Rate 7%
$1,261,571
Cap Rate 9%
$981,222
Alternative Uses
Best Use
Retail
$1.26M
$1.10M – $1.47M
NOI $88,310 @ 7.0% cap · market cap 5.19%
Second Best
Mixed Use
$896.7K
$784.6K – $1.05M
NOI $62,771 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,467 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
51k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Dining 20%
Wendy's
Dining
10,288 visits/mo
0.3 miles
Chase Bank
Shops & Services
9,819 visits/mo
0.2 miles
Dollar General
Shops & Services
6,966 visits/mo
0.4 miles
Gulf Oil
Shops & Services
5,852 visits/mo
0.2 miles
TD Bank
Shops & Services
4,723 visits/mo
0.0 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four commercial tenants occupy the renovated storefronts, while the upper level remains available for future build-out.
Where is this mixed-use property located?
The property is located at 452 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 7,316‑square‑foot mixed‑use property on a 25,950‑square‑foot lot; 100% occupied by four commercial tenants; Approximately 5,000 square feet of unfinished second‑floor area
