Mixed-Use Building with
For Sale
$2,999,950
457 Broadway, Monticello, NY 12701
RM-zoned property combines occupied commercial spaces with a small number of spaces available.
Property Size22,874 SF
Price / SF$131.15
Days on Market138
Property Features for 457 Broadway
General Information
Standard status
Active
Size
22,874 SF
Property subtype
Commercial
Zoning
RM
Additional Details
Road Access
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$55,629
Amenities
elevator
large doorways
handicapped accessible bathrooms
keypad for access after hours
Building Details
Building Size
22,874 SF
Year Built
1940
Year Renovated
2005
Buildings
1
Units
24
Tenancy
Multi
Listing Agency:
Keller Williams Hudson Valley
(845) 791-8648
Listed By:
Peter Feinberg · License #40FE0911158
(845) 866-1852
Source:
Croninreale
Added: Jun 9
Changed: Oct 23
Last Checked: Oct 23 at 9:51AM
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
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Investment Insights
Based on property information with market context.
The Peachtree Building is a mixed-use property with 22,874 square feet and a range of business occupants. Reconstructed in 2005 and renovated more recently, it includes an elevator, wide doorways, and bathrooms designed for handicap accessibility. A few spaces remain available, and keypad entry provides after-hours and weekend access.
The property has an entrance on Broadway and is within walking distance of restaurants and shopping. Municipal parking is available in lots at the rear entrance and across the street, with access to Route 17 nearby.
The property has an entrance on Broadway and is within walking distance of restaurants and shopping. Municipal parking is available in lots at the rear entrance and across the street, with access to Route 17 nearby.
Key Highlights
- 22,874‑square‑foot mixed‑use property
- Reconstructed in 2005 and renovated more recently
- Elevator, wide doorways, and handicap‑accessible bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,259
Cap Rate
6.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,925,180
$3.9M
Cap Rate 7%
$2,803,700
$2.8M
Cap Rate 9%
$2,180,656
$2.2M
Market Conditions
NOI Build-Up for 22,874 SF
Gross rent
$356.8K $15.60/SF
− Vacancy
−$42.8K −$1.87/SF
EGI
$314.0K $13.73/SF
− OpEx
−$117.8K −$5.15/SF
NOI
$196.3K $8.58/SF
Area
Sullivan County, NY
Vacancy
12.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,925,180
Cap Rate 7%
$2,803,700
Cap Rate 9%
$2,180,656
Alternative Uses
Best Use
Mixed Use
$2.80M
$2.45M – $3.27M
NOI $196,259 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.27M
$5.49M – $7.32M
NOI $439,181 @ 7.0% cap · market cap 14.64%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
838
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - RM-zoned property combines occupied commercial spaces with a small number of spaces available.
Where is this mixed-use property located?
The property is located at 457 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $2,999,950.
What are key features of this property?
This property features: 22,874‑square‑foot mixed‑use property; Reconstructed in 2005 and renovated more recently; Elevator, wide doorways, and handicap‑accessible bathrooms
