Four-Unit Mixed-Use
New
For Sale
$1,300,000
497 Broadway, Monticello, NY 12701
Renovated mixed-use property with commercial and residential components, private parking, and municipal utilities.
Days on Market3
Property Features for 497 Broadway
General Information
Standard status
Active
Total Parking Spaces
16
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Building Details
Building Size
6,950 SF
Year Built
2025
Buildings
7
Listing Agency:
Curasi Realty
(914) 562-1292
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Elliman
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 1 at 11:32AM
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
Investment Insights
Based on property information with market context.
This mixed-use building contains four units: three commercial suites and one residential apartment. Two units are leased to long-term tenants, while two commercial suites are vacant. The suites have been renovated, and the property includes municipal water and sewer along with high-efficiency mini-split heating and air conditioning systems throughout. The building was built in 2025.
Located at 497 Broadway in Monticello, the property fronts the village’s primary commercial corridor, with access to NYS Route 17 and Interstate 86. A large private parking lot provides approximately 16 dedicated parking spaces. The location has a walk score of 72 and a bike score of 44.
Located at 497 Broadway in Monticello, the property fronts the village’s primary commercial corridor, with access to NYS Route 17 and Interstate 86. A large private parking lot provides approximately 16 dedicated parking spaces. The location has a walk score of 72 and a bike score of 44.
Key Highlights
- Four‑unit configuration with three commercial suites and one residential apartment
- Two leased units and two vacant commercial suites
- Renovated suites with high‑efficiency mini‑split heating and air conditioning throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $166.8k | $24.00 |
| − Vacancy | −$36.7k | −$5.28 |
| EGI | $130.1k | $18.72 |
| − OpEx | −$32.5k | −$4.68 |
| NOI | $97.6k | $14.04 |
6,950 SF · lease $24.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.39M
$1.22M – $1.63M
NOI $97,578 @ 7.0% cap · market cap 7.51%
Second Best
Retail
$1.20M
$1.05M – $1.40M
NOI $83,892 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,440 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
783
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Renovated mixed-use property with commercial and residential components, private parking, and municipal utilities.
Where is this mixed-use property located?
The property is located at 497 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit configuration with three commercial suites and one residential apartment; Two leased units and two vacant commercial suites; Renovated suites with high‑efficiency mini‑split heating and air conditioning throughout
