589-593 W Broadway, Monticello, NY 12701
Sullivan County
Key Facts
Description
Rare investment opportunity in the Village of Monticello. Whether you’re looking to expand an existing portfolio or secure a strong long-term asset, 589–593 W Broadway presents a compelling, fully occupied income-producing opportunity featuring 13 rental units across three separate buildings. Set on a generous 2.64-acre parcel, the property offers both scale and flexibility, with meaningful room for future value-add improvements in a growing and increasingly active market. The unit mix is well diversified, consisting of three one-bedroom apartments, eight two-bedroom apartments, and two three-bedroom apartments—supporting broad tenant demand and helping to stabilize rental income across multiple segments. Several units have already been recently renovated, enhancing tenant appeal and reducing near-term capital needs while still leaving upside for further improvements, rent optimization, and overall asset repositioning. With its strong unit count, spread of layouts, and expansion potential, this property is well-positioned for an investor seeking cash flow today with long-term growth potential tomorrow. Conveniently located near a strong mix of dining, shopping, and regional attractions, the property offers tenants easy access to everyday amenities and lifestyle drivers that support long-term rental demand. Nearby dining options include Monticello Bagel Bakery, Memito’s Tacos, Chinatown Kitchen, Salt & Pepper, Nelly’s Latin Restaurant, Monticello Diner, Yanni’s Gyro Express, and Ciao Bella. Everyday conveniences are just minutes away, including Walmart, ShopRite, Old Navy, Marshalls, Starbucks, Home Depot, and Five Below. Major regional destinations such as Bethel Woods Center for the Arts, Resorts World Catskills, Kartrite Indoor Water Park, YO1 Spa, and Monster Golf Course are also within close proximity, enhancing the area’s appeal for both year-round residents and visitors.
Property Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1930
Stories
2
Living Area
11,534 sq ft
Lot Size
2.64 acres
Days on Market
1
MLS® Listing#
1014109
Property Features
Appliances
Cooling
Heating
Flooring
Parking
Lot Features
Construction
Utilities
Sewer
Water Source
Schools
- Elementary:
- Emma C Chase School
- Middle:
- Robert J Kaiser Middle School
- High:
- Monticello High School
Financial Details
Annual Taxes
$18,998
Assessed Value
$264,000
Parcel Number
4601-110-0-0003-002-000
Directions
GPS to 589 W Broadway, Monticello, NY 12701
Affordability Calculator
$380,000
Estimated monthly payment
$10,113/mo
Principal $1,520,000 · Est. interest $2,120,535 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Monticello, NY
- $356,757
- Median Listing Price
- 71
- Median Days on Market
- 1,650
- Median Sq Ft
- $241
- Median Price / Sq Ft
- 72
- Active Listings
- This home’s price is 433% above the area median.
- Its price per sq ft is 32% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Monticello, NY.
Location
Points of Interest in Monticello, NY
Showing the Monticello area map.
Nearby Schools
Sullivan County Boces
School · 0.7 mi away
Monticello Central School District
School · 0.7 mi away
Kenneth L Rutherford School
Elementary · 0.9 mi away
Monticello High School
Secondary · 0.9 mi away
Robert J Kaiser Middle School
Secondary · 1.0 mi away
George L Cooke School
Elementary · 1.2 mi away
Hebrew Day School
School · 2.7 mi away
Viznitz Institutions
School · 3.7 mi away
Yeshiva Gedolah Zichron Moshe School
School · 6.5 mi away
Cornelius Duggan School
School · 6.7 mi away
Fallsburg Junior/Senior High School
Secondary · 6.8 mi away
Benjamin Cosor Elementary School
Elementary · 7.1 mi away
Twin Bridge Play School
School · 8.1 mi away
Sullivan County Boces
School · 9.0 mi away
Liberty Elementary School
Elementary · 10.3 mi away
Liberty High School
Secondary · 10.7 mi away
Liberty Middle School
Secondary · 10.7 mi away
Wurtsboro
Elementary · 12.5 mi away
Eldred Central School
Secondary · 12.9 mi away
George Ross MacKenzie Elementary School
Elementary · 13.6 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 143 S Maplewood Road, Monticello, NY | $1,500,000 | 7 | 5 | 1,920 |
| 46 Lakewood Avenue, Monticello, NY | $1,500,000 | 5 | 3 | 2,441 |
| 657 Sackett Lake Road, Monticello, NY | $1,600,000 | 4 | 4 | 3,439 |
| 174 Dingle Daisy Road, Monticello, NY | $1,600,000 | — | — | — |
| 28 Raceway Road, Monticello, NY | $1,800,000 | — | — | 2,944 |
| 35 Serenity Lane, Monticello, NY | $1,895,000 | 4 | 4 | 2,483 |
Moving Cost Estimate
EXIT Agents in Monticello
Listing Courtesy: Catskills Home Services - 8453977768
Presented by: Alan R. Wieder
Fair Housing Notice