Shovel-Ready Townhome Rental
530 W Broadway Monticello, NY 12701
For Sale
$6,999,900
MULTI_FAMILY - Monticello, NY
Lot Size15.12 Acres
Days on Market790
Property Features for 530 W Broadway
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- RM
- Parking features
- Garage, Parking Lot
- Appliances
- Electric Water Heater
- Standard status
- Active
- APN
- 4601-109-0-0001-025-011
- Lot size
- 15.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2023
- Floors in Building
- 2
- Number of units
- 187
Listing Agency:
Keller Williams Realty
(845) 928-8000
Listed By:
Melinda White · License #10301219669
(845) 313-6380
Added: May 28, 2024
Changed: Jul 13
Last Checked: Jul 26 at 5:06AM
MLS# H6307280
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Investment Insights
Based on property information with market context.
This approved, shovel-ready 187-unit townhome complex is offered for the first time and is currently partially completed. Eight units are completed, leased, and generating income, while 179 additional units are ready to build. The project’s concept features three levels of living and includes garages, with a “metro design” approach emphasizing functional flow, utility, and natural light. Most of the infrastructure is already in place, including drainage ponds and underground utilities. Road cuts and clearing are complete, and building permits can be pulled immediately.
The property is located at 530 W Broadway in Monticello, New York, in Sullivan County, zoned RM. It is described as being just off Highway 17/86, with access to nearby employers and attractions including Bethel Woods and Resorts World, as well as a noted renaissance in downtown Monticello.
For buyers and operators, the project is being marketed as a high-end, market-rate rental development, with the option to convert the design to individually owned townhomes if desired. With a portion already completed and operating, the remaining scope is positioned for phased buildout under the approved plan.
The property is located at 530 W Broadway in Monticello, New York, in Sullivan County, zoned RM. It is described as being just off Highway 17/86, with access to nearby employers and attractions including Bethel Woods and Resorts World, as well as a noted renaissance in downtown Monticello.
For buyers and operators, the project is being marketed as a high-end, market-rate rental development, with the option to convert the design to individually owned townhomes if desired. With a portion already completed and operating, the remaining scope is positioned for phased buildout under the approved plan.
Key Highlights
- 187‑unit townhome complex with 8 units completed, leased, and generating income
- 179 additional units are ready to build; building permits can be pulled immediately
- Fully approved, shovel‑ready project with most infrastructure in place, including drainage ponds and underground utilities
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Approved 187-unit townhome complex with infrastructure in place and initial units completed, leased, and ready for expansion.
Where is this apartment building located?
The property is located at 530 W Broadway Monticello, NY.
What is the asking price?
The asking price for this property is $6,999,900.
What are key features of this property?
This property features: 187‑unit townhome complex with 8 units completed, leased, and generating income; 179 additional units are ready to build; building permits can be pulled immediately; Fully approved, shovel‑ready project with most infrastructure in place, including drainage ponds and underground utilities
