Property profile

57 Forestburgh Rd Monticello, NY 12701

FOR SALE
Investment properties
Property ID
US63-2038363
1,200 SF 0.23 ac lot Built 1928
Entity Owned 22-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 1,776 sq ft commercial property, situated on a 0.23-acre lot at 57 Forestburgh Rd in Monticello, NY, presents a unique investment opportunity. Boasting high visibility on State Route 42, this well-maintained building is currently operating as a hair salon, but its flexible zoning (Commercial/Residential) allows for diverse uses. The modern, open floor plan offers immediate commercial potential, while the second level presents the possibility of conversion into residential space – ideal for a live-work arrangement. Imagine combining your business and home in one convenient location! The property includes municipal water and sewer, a paved private parking area, and a detached two-car garage, adding significant convenience and appeal. Located in the heart of Monticello Village, this property is within walking distance of numerous amenities, including shopping, restaurants, banking facilities, a gym, library, bus transportation, and the Government Center. Enjoy easy access to popular attractions such as Bethel Woods Center for the Arts, Resorts World Catskills Casino, and The Kartrite Indoor Waterpark. The property is heated by oil and offers many possibilities for both business owners and those seeking a unique residential experience. Sullivan County's rapid growth makes this a particularly attractive investment in a thriving community. This is a rare opportunity to acquire a versatile property with significant upside potential.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1928
Total area 1,200 SF
Lot 0.23 ac (10,000 SF)
Zoning code B1
APN 484601 114.-2-11
UPID US63-2038363

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Nail Salon

Location

57 Forestburgh Rd Monticello, NY 12701
Monticello metro Census 951802
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$150k

Owner & transaction history

since 2004
1 recorded transaction
2004
Price N/A

Zoning & alternative use

B1 · Monticello, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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