Four-Unit Mixed-Use
For Sale
$415,000
485 Broadway, Monticello, NY 12701
Ground-floor commercial space includes restaurant and salon uses alongside two distinct office areas.
Property Size3,461 SF
Price / SF$119.91
Days on Market107
Property Features for 485 Broadway
General Information
Standard status
Active
Size
3,461 SF
Property subtype
Commercial
Zoning
B2
Occupancy
100%
Additional Details
Mixed-Use Components
retail, office
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,780
Building Details
Building Size
3,461 SF
Year Built
1930
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Malek Properties, Inc.
(845) 583-6333
Listed By:
Randi Moody · License #10401342082
(347) 628-2161
Source:
Davalarealestate
Added: Jul 10
Changed: Oct 23
Last Checked: Oct 23 at 10:41AM
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 Malek Properties, Inc.
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Investment Insights
Based on property information with market context.
This 3,461-square-foot, ground-floor mixed-use property contains four units: a restaurant, a nail salon, a larger office with a kitchen, open room and bathroom, and a smaller office suited to desk and storage use. The building is fully occupied by established, long-term tenants and is zoned B1.
Recent work includes a replacement roof, gutters, soffits and mini-split systems, along with new water piping and a water meter. Additional building features include a sump pump, foam insulation in the crawl space, separate electric meters and a camera system that retains two weeks of footage.
Recent work includes a replacement roof, gutters, soffits and mini-split systems, along with new water piping and a water meter. Additional building features include a sump pump, foam insulation in the crawl space, separate electric meters and a camera system that retains two weeks of footage.
Key Highlights
- 3,461‑square‑foot ground‑floor building with four units
- Fully occupied by established, long‑term tenants
- Restaurant and nail salon spaces, plus two offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,695
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$593,900
$593.9K
Cap Rate 7%
$424,214
$424.2K
Cap Rate 9%
$329,944
$329.9K
Market Conditions
NOI Build-Up for 3,461 SF
Gross rent
$54.0K $15.60/SF
− Vacancy
−$6.5K −$1.87/SF
EGI
$47.5K $13.73/SF
− OpEx
−$17.8K −$5.15/SF
NOI
$29.7K $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%
$593,900
Cap Rate 7%
$424,214
Cap Rate 9%
$329,944
Alternative Uses
Best Use
Specialty Retail
$639.4K
$559.5K – $746.0K
NOI $44,761 @ 7.0% cap · market cap 10.79%
Second Best
Retail
$596.8K
$522.2K – $696.3K
NOI $41,777 @ 7.0% cap · market cap 10.07%
Theoretical Best
Office A
$949.3K
$830.6K – $1.11M
NOI $66,451 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor commercial space includes restaurant and salon uses alongside two distinct office areas.
Where is this mixed-use property located?
The property is located at 485 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 3,461‑square‑foot ground‑floor building with four units; Fully occupied by established, long‑term tenants; Restaurant and nail salon spaces, plus two offices
