2.64 Acres Lot
2.64 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1014109
Rental Info No
Year Built 1930
Annual Tax Amount $18,998
Lot Size 2.640 Acres
Acres 2.64
Property Sub-Type Multi Family
Source onekey2
Property Description
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.
Location
State NY
County Sullivan County
Interior
Heating Baseboard, Electric
Cooling Wall/Window Unit(s)
Flooring Tile, Vinyl
Fireplace No
Appliance Electric Oven, Freezer, Refrigerator
Exterior
Parking Features Parking Lot
Utilities Available Cable Connected, Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
View Neighborhood, Trees/Woods, Water
Building
Lot Description Cleared
Story 2
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Emma C Chase School
Middle Schools Robert J Kaiser Middle School
High Schools Monticello
School District Monticello
Others
Special Listing Condition None
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