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Property profile & analytics
OFF-MARKET
Estimated value
$1,065,000
Investment properties
440 Broadway Monticello, NY 12701-1769
Entity Owned
Free & Clear
Property ID
US63-6267381
Property summary
AI-generated overview
This newly renovated mixed-use building at 440 Broadway, Monticello, NY 12701, presents a compelling investment opportunity. The 11,985 square foot property boasts a strong 8.55% cap rate and a net operating income (NOI) of $106,900, with an asking price of $1,250,000 ($104.30/sq ft). The building comprises ten units: eight one-bedroom residential apartments and two street-level commercial spaces. One commercial space is currently occupied by a newly installed, state-of-the-art laundromat, providing a valuable amenity and stable income stream. Convenient on-site parking is available for residents and commercial tenants. The property benefits from recent renovations, including a conversion to all-electric utilities, enhancing efficiency and sustainability. Tenants are responsible for all utility costs. Located in Sullivan County within the B2 zoning district, this property offers a prime location and diverse income streams, promising a strong return on investment. The building is a single structure.
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Total area
11,985 SF
Lot
0.26 ac (11,385 SF)
Zoning code
B2
APN
484601 111.-5-11
UPID
US63-6267381
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
-
Super Time Sudz Laundromat (Bike/Boat/Book/etc) Store
-
H&M Realty Services, LLC Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$698k
Blend (final)
Blend
$1.07M
Owner & transaction history
Montbproperty LLC
Montbproperty LLC
since 2026
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
B2 · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+29.5%
Auto repair, garage
$1.1M
+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
$1,015,000
ML approach
$1,045,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$935,000
Current use
RESTAURANT
$1,210,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,070,000
Change: +14% · Conversion: Difficult
OFFICE BUILDING
$875,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$1.07M
Range $959k – $1.17M · ±10% · vs last sale $1.10M (Jan 31 2025)
Last sale anchor
$1.10M
Jan 31 2025
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
$89 / 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
$317,900
Assessed 2023
Previous assessed
$317,900
+0.0% YoY
Assessed land
$28,600
Assessed improvement
$289,300
Land market value
$57,200
Improvement market value
$578,600
Total market value
$635,800
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
1930
Heating
NONE
Buildings
1
Stories
3
Total area
11,985 SF
Lot
0.26 ac (11,385 SF)
Zoning code
B2
APN
484601 111.-5-11
UPID
US63-6267381
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
$935,000
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING
Est. value
$875,000
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
1930
Heating
NONE
Stories
3
Buildings
1
Lot
0.26 ac
Current owner
From public records · entity-resolved
Montbproperty LLC
Entity
Free & Clear · 0 yrs held
Mailing address
632 CITY IS AVE, BRONX, NY 10464-1100
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2026
—
Montbproperty LLC
440 Broadway Rentals LLC
Deed
—
Jan 31, 2025
$1,100,000
Monthproperty LLC
440 Broadway Rentals LLC
Deed
$600,000 · Eastern Funding Co
Jan 12, 2024
—
440 Broadway Rentals LLC
—
Deed
related
$575,000 · W Financial Reit Ltd
Mar 2, 2023
—
440 Broadway Rentals LLC
Shkelqim Hysaj
Quit Claim Deed
related
—
Jun 7, 2017
$33,452
Shkelqim Hysaj
County Of Sullivan
Quit Claim Deed
related
—
Jan 30, 2017
—
Shkelqim Hysaj
Agaaj,gladiola
Quit Claim Deed
related
—
Nov 13, 2013
$285,000
Gladiola Agaj
440 Broadway LLC
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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