Mixed-Use Building with Private
For Sale
$1,300,000
497 Broadway, Monticello, NY 12701
Four units combine commercial space and an apartment, with two commercial suites currently vacant.
Property Size6,950 SF
Price / SF$187.05
Days on Market88
Property Features for 497 Broadway
General Information
Standard status
Active
Size
6,950 SF
Class
B
Total Parking Spaces
16
Property subtype
Commercial
Zoning
B2
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Tenant in Place
Yes
Property Use
Mixed-Use
Taxes and HOA fees
Annual Taxes
$6,999
Building Details
Building Size
6,950 SF
Year Built
2025
Buildings
1
Stories
2
Units
4
Listing Agency:
Curasi Realty, Inc.
(845) 457-9174
Listed By:
Marie Savage · License #10401302009
(914) 562-1292
Source:
Croninreale
Added: Jul 29
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 Curasi Realty, Inc.
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Investment Insights
Based on property information with market context.
This 6,950-square-foot mixed-use building contains three commercial suites and one residential apartment. Two units are leased, while the other two commercial suites are vacant. Renovated suites, municipal water and sewer, and mini-split heating and air conditioning systems serve the property. The building was constructed in 2025 and is zoned B2.
A private parking area provides approximately 16 spaces. The property is on Broadway, described as Monticello’s primary commercial corridor, with access to NYS Route 17 / Interstate 86. The sale offering also includes seven mixed-use buildings and one parking lot as part of a larger portfolio.
A private parking area provides approximately 16 spaces. The property is on Broadway, described as Monticello’s primary commercial corridor, with access to NYS Route 17 / Interstate 86. The sale offering also includes seven mixed-use buildings and one parking lot as part of a larger portfolio.
Key Highlights
- 6,950‑square‑foot mixed‑use building with three commercial suites and one apartment
- Two vacant commercial suites; two of the four units are leased
- Approximately 16 dedicated parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,892
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,677,840
$1.7M
Cap Rate 7%
$1,198,457
$1.2M
Cap Rate 9%
$932,133
$932.1K
Market Conditions
NOI Build-Up for 6,950 SF
Gross rent
$125.1K $18.00/SF
− Vacancy
−$5.3K −$0.76/SF
EGI
$119.8K $17.24/SF
− OpEx
−$36.0K −$5.17/SF
NOI
$83.9K $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 Rate 5%
$1,677,840
Cap Rate 7%
$1,198,457
Cap Rate 9%
$932,133
Alternative Uses
Best Use
Retail
$1.20M
$1.05M – $1.40M
NOI $83,892 @ 7.0% cap · market cap 6.45%
Second Best
Mixed Use
$851.9K
$745.4K – $993.9K
NOI $59,631 @ 7.0% cap · market cap 4.59%
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.
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Current Use
Lease Details
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four units combine commercial space and an apartment, with two commercial suites currently vacant.
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: 6,950‑square‑foot mixed‑use building with three commercial suites and one apartment; Two vacant commercial suites; two of the four units are leased; Approximately 16 dedicated parking spaces
