Renovated Four-Unit Office
For Sale
$499,000
80 Jefferson Street, Monticello, NY 12701
BL1-zoned office property offers a multi-suite configuration for a range of office occupants.
Property Size1,335 SF
Price / SF$373.78
Days on Market203
Property Features for 80 Jefferson Street
General Information
Standard status
Active
Size
1,335 SF
Property subtype
Commercial
Zoning
BL1
Additional Details
Condition
Newly Renovated
Office Units
4
Property Use
Office
Taxes and HOA fees
Annual Taxes
$5,931
Building Details
Building Size
1,335 SF
Listing Agency:
HomeCoin.com
Listed By:
Jonathan Minerick · License #01523060
(888) 400-2513
Source:
Croninreale
Added: Apr 6
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 HomeCoin.com
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit office building in Monticello has been renovated, with new roofing, windows, flooring, and bathrooms. The property contains 1,335 square feet and is zoned BL1.
Key Highlights
- Four‑unit office building
- 1,335 square feet
- Renovated with new roof, windows, floors, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,743
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
$374.9K
Cap Rate 7%
$267,757
$267.8K
Cap Rate 9%
$208,256
$208.3K
Market Conditions
NOI Build-Up for 1,335 SF
Gross rent
$32.0K $24.00/SF
− Vacancy
−$7.0K −$5.28/SF
EGI
$25.0K $18.72/SF
− OpEx
−$6.2K −$4.68/SF
NOI
$18.7K $14.04/SF
Area
Sullivan County, NY
Vacancy
22.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$374,860
Cap Rate 7%
$267,757
Cap Rate 9%
$208,256
Alternative Uses
Best Use
Office B
$267.8K
$234.3K – $312.4K
NOI $18,743 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$366.2K
$320.4K – $427.2K
NOI $25,632 @ 7.0% cap · market cap 5.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
4
Office units
Location Intelligence
Trade Area within ½ mile
505
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - BL1-zoned office property offers a multi-suite configuration for a range of office occupants.
Where is this office building located?
The property is located at 80 Jefferson Street Monticello, NY.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Four‑unit office building; 1,335 square feet; Renovated with new roof, windows, floors, and bathrooms
