5 Bank St, Monticello, NY 12701
Sullivan County
Key Facts
Description
MOTIVATED SELLER! Exceptional Redevelopment Opportunity in the Heart of Monticello Commonly known as the historic “Masonic Building,” this grand brick landmark was once home to the Monticello Masons and has long been recognized as one of the Village’s most distinctive architectural properties. Believed to have been constructed in the early 1900s, the building combines historic character with substantial renovation work already completed, creating an outstanding opportunity for investors, developers, or business owners. The property consists of approximately 13,680 sq. ft. spread across three expansive floors of roughly 4,560 sq. ft. each, in addition to a full basement level. Major improvements have already been undertaken, including a newly poured concrete basement floor, repointed stone foundation walls to improve water resistance, new sewer piping, and installation of a hot water heater. Extensive interior renovation work has also begun throughout the building. New subflooring has been installed, ceilings removed, structural reinforcements completed where needed, and many rooms now feature new sheetrock. These improvements provide a strong foundation for future redevelopment while still allowing flexibility for customization and design. One of the property’s most impressive features is the original Masonic meeting hall located on the top floor. This large open room remains in remarkably good condition and showcases the building’s historic charm and character. Zoning permits a variety of potential uses, including retail stores, professional offices, restaurants, studios, or service businesses on the lower level, with the possibility of multiple residential apartments on the upper floors. The size, layout, and location make this an ideal mixed-use investment opportunity. Situated just a few hundred feet from Broadway in the Village of Monticello, the property is within walking distance to shopping, restaurants, transportation, and other local amenities. Municipal parking is conveniently located nearby. With easy access and only approximately 1.5 hours from New York City, this property offers tremendous potential for redevelopment, income production, or long-term investment.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Stories
3
Living Area
13,680 sq ft
Days on Market
164
MLS® Listing#
874851
Property Features
Cooling
Heating
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$6,626
Directions
GPS
Affordability Calculator
$104,000
Estimated monthly payment
$2,768/mo
Principal $416,000 · Est. interest $580,357 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 46% above the area median.
- Its price per sq ft is 84% 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 · 0.1 mi away
Monticello Central School District
School · 0.1 mi away
George L Cooke School
Elementary · 0.6 mi away
Kenneth L Rutherford School
Elementary · 1.0 mi away
Monticello High School
Secondary · 1.1 mi away
Robert J Kaiser Middle School
Secondary · 1.2 mi away
Hebrew Day School
School · 2.4 mi away
Viznitz Institutions
School · 3.5 mi away
Yeshiva Gedolah Zichron Moshe School
School · 6.2 mi away
Fallsburg Junior/Senior High School
Secondary · 6.5 mi away
Benjamin Cosor Elementary School
Elementary · 6.7 mi away
Cornelius Duggan School
School · 7.4 mi away
Twin Bridge Play School
School · 8.4 mi away
Sullivan County Boces
School · 9.3 mi away
Liberty Elementary School
Elementary · 10.7 mi away
Liberty High School
Secondary · 11.1 mi away
Liberty Middle School
Secondary · 11.1 mi away
Wurtsboro
Elementary · 11.8 mi away
Eldred Central School
Secondary · 13.3 mi away
George Ross MacKenzie Elementary School
Elementary · 13.8 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 |
|---|---|---|---|---|
| 105 Wood Avenue, Monticello, NY | $365,000 | 4 | 2 | 1,768 |
| 174 Rock Ridge Avenue, Monticello, NY | $368,500 | 2 | 1 | 1,100 |
| 365 E Broadway, Monticello, NY | $369,000 | — | — | 4,584 |
| 6 Racine Court, Monticello, NY | $369,900 | 2 | 2 | 1,144 |
| 2 Sunset Drive, Monticello, NY | $370,000 | 3 | 3 | 1,800 |
| 28 Lake Street, Monticello, NY | $375,000 | 3 | 2 | 1,632 |
Moving Cost Estimate
EXIT Agents in Monticello
Listing Courtesy: R J Katz Realty - 8457962624
Presented by: Harold B. Reynolds
Fair Housing Notice