440 BroadwayMonticello, NY 12701

For Sale
$1,250,000

High-yield, renovated building with 10 units.

Overview

Added:
Dec 11, 2024
Days on market:
92
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.

Highlights

  • $1,250,000 asking price.
  • Mixed-use building totaling 11,985 square feet.
  • $104.30 price per square foot.
  • 8.55% cap rate with a $106,900 net operating income (NOI).
  • Ten units (eight residential, two commercial).
  • Located at 440 Broadway, Monticello, NY 12701, in a B2 zoning district.

Property Details for 440 Broadway

Property type
Other mixed-use properties, Mixed-use properties
Square Feet
11,985 SF
Buildings
1
Units
10

Location Insight

City
Monticello
County
Sullivan
State
New York
Latitude
41.6553083
Longitude
-74.6868392
440 Broadway, Monticello, New York

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440 Broadway
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