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Property profile & analytics
OFF-MARKET
Estimated value
$855,000
Investment properties
422 Broadway Monticello, NY 12701-1315
Individually Owned
2-yr Hold
Free & Clear
Property ID
US63-1533850
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1910
Total area
8,404 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B2
APN
484601 112.-9-9
UPID
US63-1533850
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
-
Green Shack Restaurant
-
Recruitment Corporation Career Staffing Business Service Center Employment Agency
-
Ingber & Ingber Law Firm Insurance Agency
-
Shalom Yardstyle Jamaican Eatery Restaurant
-
American Medical Staffing Medical Examiner
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$840k
CAP Approach
CAP
$1.11M
Comparable Approach
Comparable
$568k
Blend (final)
Blend
$855k
Owner & transaction history
David Kahndror · 2 yrs held
David Kahndror
since 2023
Last sale
$920,000
3 recorded transactions
Zoning & alternative use
B2 · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$850,000
+29.5%
Auto repair, garage
$750,000
+14.5%
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
Method
Estimation
Statistic approach
$745,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
$1,200,000
6.5%
$1,110,000
7%
$1,030,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$655,000
Current use
RESTAURANT
$850,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$750,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$615,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$855k
Range $770k – $941k · ±10% · vs last sale $920k (Aug 22 2023)
Last sale anchor
$920k
Aug 22 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / SF
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
$233,400
Assessed 2023
Previous assessed
$233,400
+0.0% YoY
Assessed land
$21,600
Assessed improvement
$211,800
Land market value
$43,200
Improvement market value
$423,600
Total market value
$466,800
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1910
Heating
NONE
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
8,404 SF
Lot
0.16 ac (6,970 SF)
Zoning code
B2
APN
484601 112.-9-9
UPID
US63-1533850
Jurisdiction
SULLIVAN
Zoning & alternative use
B2 · Monticello, NY
Zoning B2 · permitted uses
B2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$655,000
RESTAURANT
Est. value
$850,000
AUTO REPAIR, GARAGE
Est. value
$750,000
OFFICE BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1910
Heating
NONE
Cooling
Yes
Stories
3
Buildings
1
Lot
0.16 ac
Current owner
From public records · entity-resolved
David Kahndror
Individual
Free & Clear · 2 yrs held
Mailing address
50 LK SHR DR S, ROCK HILL, NY 12775-6205
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2023
$920,000
David Kahndror
Ss Paik LLC
Deed
—
Oct 11, 2016
$240,000
Sspaik LLC
Broadway Plaza Of Sullivan Cnty C
Grant Deed
—
Aug 13, 1999
$20,000
Joseph Soudry
Teichman,helen
Grant Deed
—
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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