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Property profile & analytics
OFF-MARKET
Office buildings
242 Broadway, Monticello, NY 12701-8818
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US63-2700103
Property summary
AI-generated overview
This exceptional 4,723 square foot brick office building, formerly a residence, enjoys a prominent position on busy East Broadway in Monticello, NY. The main level features three private offices/bedrooms, plus a large main office or reception area near the entrance. Upstairs, three additional rooms, currently used for storage, offer significant potential for expansion or additional office space
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1970
Total area
2,755 SF
Lot
0.26 ac (11,326 SF)
Zoning code
EBV
APN
484601 113.-6-2.3
UPID
US63-2700103
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Harris Monti McLaughlin Insurance Insurance Agency
-
Bradford J. Harris Attorney at Law Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
242 East Broadway Realty Corp
242 East Broadway Realty Corp
2 recorded transactions
Zoning & alternative use
EBV · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monticello submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monticello submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2021Property tax & assessments
Tax year 2021
Assessed value
$125,000
Assessed 2023
Previous assessed
$125,000
+0.0% YoY
Assessed land
$28,600
Assessed improvement
$96,400
Land market value
$57,200
Improvement market value
$192,800
Total market value
$250,000
Applied tax rate
484,601.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1970
Heating
NONE
Buildings
1
Stories
2
Total area
2,755 SF
Lot
0.26 ac (11,326 SF)
Zoning code
EBV
APN
484601 113.-6-2.3
UPID
US63-2700103
Jurisdiction
SULLIVAN
Zoning & alternative use
EBV · Monticello, NY
Zoning EBV · permitted uses
EBV · Monticello, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Monticello. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1970
Heating
NONE
Stories
2
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
242 East Broadway Realty Corp
Entity
Mailing address
PO BOX 221, MONTICELLO, NY 12701-0221
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
242 East Broadway Realty Corp
—
Deed Of Trust
related
$100,000 · Rbs Citizens Bank NA
—
—
242 East Broadway Realty Corp
—
Deed Of Trust
related
$25,000 · Catskill Hudson Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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