Established Liquor
For Sale
$799,000
458 Broadway, Monticello, NY 12701
Fully outfitted storefront with equipment, fixtures, and operating systems already in place.
Property Size5,940 SF
Days on Market156
Property Features for 458 Broadway
General Information
Standard status
Active
Size
5,940 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
B2
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$6,914
Building Details
Building Size
5,940 SF
Buildings
1
Stories
1
Listing Agency:
Curasi Realty, Inc.
(914) 562-1292
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Mydreamhomerealty
Added: Mar 29
Changed: Aug 29
Last Checked: Aug 30 at 5:39PM
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.
Investment Insights
Based on property information with market context.
This 5,940-square-foot storefront at 458 Broadway is configured as an operating liquor store with equipment, fixtures, and supporting infrastructure included. The layout, product mix, and established day-to-day systems are already in place, providing a defined operating format for the next owner.
The property carries B2 zoning and is identified within the Monticello area. The offering combines the storefront real estate with an existing liquor-store operation and its installed components, including equipment and fixtures.
The property carries B2 zoning and is identified within the Monticello area. The offering combines the storefront real estate with an existing liquor-store operation and its installed components, including equipment and fixtures.
Key Highlights
- 5,940‑square‑foot storefront at 458 Broadway
- Operating liquor store with equipment and fixtures in place
- Existing infrastructure and day‑to‑day operating systems
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
$71,701
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
8.97%
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%
$1,434,020
$1.4M
Cap Rate 7%
$1,024,300
$1.0M
Cap Rate 9%
$796,678
$796.7K
Market Conditions
NOI Build-Up for 5,940 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
$106.9K $18.00/SF
− Vacancy
−$4.5K −$0.76/SF
EGI
$102.4K $17.24/SF
− OpEx
−$30.7K −$5.17/SF
NOI
$71.7K $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 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%
$1,434,020
Cap Rate 7%
$1,024,300
Cap Rate 9%
$796,678
Alternative Uses
Best Use
Retail
$1.02M
$896.3K – $1.20M
NOI $71,701 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M
NOI $114,048 @ 7.0% cap · market cap 14.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
838
Businesses Nearby
51k
Monthly Visits Nearby
Under-served
Demand for This Use
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully outfitted storefront with equipment, fixtures, and operating systems already in place.
Where is this storefront property located?
The property is located at 458 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,940‑square‑foot storefront at 458 Broadway; Operating liquor store with equipment and fixtures in place; Existing infrastructure and day‑to‑day operating systems
