Restaurant Building with Outdoor
For Sale
$599,000
506 Broadway, Monticello, NY 12701
Indoor dining and a separate outdoor seating area support the property’s café layout.
Property Size4,110 SF
Price / SF$145.74
Days on Market192
Property Features for 506 Broadway
General Information
Standard status
Active
Size
4,110 SF
Property subtype
Commercial
Zoning
B2
Additional Details
Patio
Yes
Taxes and HOA fees
Annual Taxes
$12,852
Building Details
Building Size
4,110 SF
Listing Agency:
Cronin & Company Real Estate
(845) 744-6275
Listed By:
Frank Muccari
(845) 494-3678
Source:
Croninreale
Added: Apr 16
Changed: Oct 23
Last Checked: Oct 23 at 9:50AM
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
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Investment Insights
Based on property information with market context.
This 4,110-square-foot restaurant property has a café-style layout with indoor dining and outdoor seating. It is zoned B2 and is located at 506 Broadway in Monticello, New York.
The property is near Resorts World Casino, Monticello Motor Club and Waterpark, and Bethel Woods Performing Arts Center.
The property is near Resorts World Casino, Monticello Motor Club and Waterpark, and Bethel Woods Performing Arts Center.
Key Highlights
- 4,110‑square‑foot restaurant property
- Indoor dining area and outdoor seating
- B2 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,155
Cap Rate
8.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,063,100
$1.1M
Cap Rate 7%
$759,357
$759.4K
Cap Rate 9%
$590,611
$590.6K
Market Conditions
NOI Build-Up for 4,110 SF
Gross rent
$74.0K $18.00/SF
− Vacancy
−$3.1K −$0.76/SF
EGI
$70.9K $17.24/SF
− OpEx
−$17.7K −$4.31/SF
NOI
$53.2K $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%
$1,063,100
Cap Rate 7%
$759,357
Cap Rate 9%
$590,611
Alternative Uses
Best Use
Specialty Retail
$759.4K
$664.4K – $885.9K
NOI $53,155 @ 7.0% cap · market cap 8.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.13M
$986.4K – $1.32M
NOI $78,912 @ 7.0% cap · market cap 13.17%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
796
Businesses Nearby
35k
Monthly Visits Nearby
Under-served
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Wan Bo Buffet — 36 Forestburgh Rd #1833, Monticello, NY 12701
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Indoor dining and a separate outdoor seating area support the property’s café layout.
Where is this conventional 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: 4,110‑square‑foot restaurant property; Indoor dining area and outdoor seating; B2 zoning
