Prime Location Monticello
For Sale
$599,000
506 Broadway, Monticello, NY 12701
Over 4000 sq ft commercial building for sale.
Property Size4,000 SF
Price / SF$149.75
Days on Market99
Property Features for 506 Broadway
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Listing Agency:
Cronin & Company Real Estate
(845) 494-3678
Listed By:
Frank Muccari
(845) 494-3678
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 30 at 12:20PM
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 Cronin & Company Real Estate
Investment Insights
Based on property information with market context.
This property offers an incredible opportunity to own real estate in the heart of Monticello. The building features over 4000 sq ft of potential to locate a business or invest in the growing Village of Monticello. It includes a cafe space with indoor and outdoor seating, offering potential to grow a restaurant business. The property is located on Broadway in Monticello, in close proximity to Resorts World Casino, Monticello Motor Club and Waterpark, and Bethel Woods Performing Arts Center. The location has a walk score of 72, indicating it is very walkable, and a bike score of 44, indicating it is somewhat bikeable.
Key Highlights
- Prime location on Broadway in the heart of Monticello.
- Over 4000 sq ft of space suitable for business or investment.
- Cafe space with indoor and outdoor seating.
Financial Insights For Specialty Retail
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 | $72.0k | $18.00 |
| − Vacancy | −$3.0k | −$0.76 |
| EGI | $69.0k | $17.24 |
| − OpEx | −$17.2k | −$4.31 |
| NOI | $51.7k | $12.93 |
4,000 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$739.0K
$646.7K – $862.2K
NOI $51,732 @ 7.0% cap · market cap 8.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$960.0K – $1.28M
NOI $76,800 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
35k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
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
Citgo
Shops & Services
2,548 visits/mo
0.3 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
Properties on Market for Restaurants in Monticello
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Kurly's Kommentary — 390 Broadway #5, Monticello, NY 12701, United States
- Château Antonia — 452 Broadway suite 3, Monticello, NY 12701
Frequently Asked Questions
What type of property is this?
Restaurant - Over 4000 sq ft commercial building for sale.
Where is this restaurant located?
The property is located at 506 Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Prime location on Broadway in the heart of Monticello.; Over 4000 sq ft of space suitable for business or investment.; Cafe space with indoor and outdoor seating.
