Building Details

Building Size 5,535 SF

Buildings 7

Units 2

Listing Agency: Curasi Realty, Inc. l***@curasirealty.com Show Phone

Listed By: Marie Savage · License #10401302009 Show Phone

Source: Croninreale

Added: Jul 29 Changed: Oct 23 Last Checked: Oct 23 at 5:05PM

Report an Issue

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.

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

At 493 Broadway, this 5,535-square-foot commercial property contains two ground-floor storefronts. A restaurant occupies one space under a long-term tenancy, while the second storefront is vacant. The building is served by municipal water and sewer and is zoned B2.

The property sits on Broadway, identified as Monticello’s primary commercial corridor, with an estimated 8,000 to 12,000 vehicles passing daily and regular pedestrian traffic. NYS Route 17 / Interstate 86 provides regional access.

Key Highlights

• Two ground‑floor commercial storefronts totaling 5,535 square feet
• Restaurant tenant in place under a long‑term tenancy
• Second storefront is vacant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$71,584

Cap Rate

6.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,680 $1.4M

Cap Rate 7%

$1,022,629 $1.0M

Cap Rate 9%

$795,378 $795.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,535 SF

Gross rent

$99.6K $18.00/SF

− Vacancy

−$4.2K −$0.76/SF

EGI

$95.4K $17.24/SF

− OpEx

−$23.9K −$4.31/SF

NOI

$71.6K $12.93/SF

Area

Sullivan County, NY

Vacancy

4.20%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,431,680

Cap Rate 7%

$1,022,629

Cap Rate 9%

$795,378

Alternative Uses

Best Use

Specialty Retail

$1.02M

$894.8K – $1.19M (±1% cap)

NOI $71,584 @ 7.0% cap · market cap 6.51%

Second Best

Retail

$954.5K

$835.2K – $1.11M (±1% cap)

NOI $66,812 @ 7.0% cap · market cap 6.07%

Theoretical Best

Office A

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,272 @ 7.0% cap · market cap 9.66%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Bella's Deluxe Boutique ... Clothing & Fashion Store Memito's Tacos And Deli Restaurant

Suggested Use

Top Pick Parking Lot & Garage Electrical Service Storage Facility Locksmith (Bike/Boat/Book/etc) Store Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12,000 VPD

Traffic count

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

783

Businesses Nearby

45k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 77% Dining 23%

Wendy's Dining

10,288 visits/mo 0.5 miles

Chase Bank Shops & Services

9,819 visits/mo 0.4 miles

Dollar General Shops & Services

6,966 visits/mo 0.3 miles

Gulf Oil Shops & Services

5,852 visits/mo 0.1 miles

TD Bank Shops & Services

4,723 visits/mo 0.2 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar For Sale Nearby

See more

Mixed-Use Retail Building

458 Broadway, Monticello, NY 12701

$799,000

5,940 SF

View details

Leased Restaurant Building

500 Broadway, Monticello, NY 12701

$899,000

6,450 SF

View details

Mixed-Use Building with Private Parking

497 Broadway, Monticello, NY 12701

$1,300,000

6,950 SF

View details

Mixed-Use Building with Unfinished Upper Floor

452 Broadway, Monticello, NY 12701

$1,700,000

7,316 SF

View details

Restaurant Building with Outdoor Seating

506 Broadway, Monticello, NY 12701

$599,000

4,110 SF

View details

Mixed-Use Property with Residence

107 Jefferson St, Monticello, NY 12701

$749,000

3,270 SF

View details

Four-Unit Mixed-Use Property

485 Broadway, Monticello, NY 12701

$415,000

3,461 SF

View details

Mixed-Use Building with Elevator

457 Broadway, Monticello, NY 12701

$2,999,950

22,874 SF

View details

Mixed-Use Building with Office Suites

456 Broadway, Monticello, NY 12701

$8,500,000

View details

Mixed-Use Property with Auto Garage

36 Cold Spring Road, Monticello, NY 12701

$949,900

2.11 Acres

View details

Mixed-Use Retail Building

Prince Street, Monticello, NY 12701

$799,000

0.17 Acres

View details

Restaurant Building with Parking

28 Raceway Road, Monticello, NY 12701

$1,800,000

1.33 Acres

View details

Frequently Asked Questions

What type of property is this?

Storefront property - One occupied restaurant suite provides rental income alongside a vacant storefront available for commercial occupancy.

Where is this storefront property located?

The property is located at 493 Broadway Monticello, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Two ground‑floor commercial storefronts totaling 5,535 square feet; Restaurant tenant in place under a long‑term tenancy; Second storefront is vacant