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Property profile & analytics
OFF-MARKET Estimated value $550,000
Investment properties

461 Broadway Monticello, NY 12701-1738

4,468 SF 0.3 ac lot Built 1978
Entity Owned 2-yr Hold Free & Clear
Property ID
US63-1563871
Property summary
AI-generated overview

This exceptional 4,468-square-foot single-tenant medical office building presents a unique investment opportunity in Monticello's central business district. Situated on a 2.999-acre lot at the prominent corner of Broadway and Lakewood, this one-story, 1978-constructed building offers significant potential for a variety of uses, including medical clinics, general offices, or retail establishments. The property boasts ample parking with 20 spaces on-site, supplemented by convenient municipal parking nearby. Currently vacant, the building is ready for immediate occupancy. The zoning is B-2 Business, allowing for diverse commercial applications. Utilities are serviced by NYSEG. The property features a modified triple net lease structure, with the landlord covering base taxes at lease signing; any tax increase beyond the base amount will be the tenant's responsibility. The building's interior is currently empty, with illustrative photos showcasing previous tenant furnishings (which have been removed). The property's Assessor's Parcel Number (APN) is 4601-115-0-0006-001-000, located in Sullivan County. This is a rare opportunity to acquire a well-located, spacious commercial building in a thriving area. Don't miss this chance to establish your business in a prime Monticello location.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1978
Total area 4,468 SF
Lot 0.3 ac (13,064 SF)
Zoning code RM
APN 484601 115.-6-1
UPID US63-1563871
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
  • Law office of Billig, Loughlin & Silver, LLP Law Firm
  • Billig, Loughlin & Silver, LLP Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
$590k
Comparable Approach Comparable
$467k
Blend (final) Blend
$550k
Owner & transaction history
461 Broadway LLC · 2 yrs held
461 Broadway LLC
since 2024
Last sale
$550,000
5 recorded transactions
2024
Price N/A
2024
$550,000
2012
$25,000
2011
$50,000
1969
Price N/A
Zoning & alternative use
RM · Monticello, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $400,000 +14.5%
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