SOLDHotel
Oceanview Holdings LLC Acquires Chatham, MA Hotel On Main Street For $4.4M
2079 Main Street, Chatham, Massachusetts 02633, United States
$4,400,000
Building Size
—
Asset Type
Hotel
Closing
Jul 21, 2022
AI
The property involved in this transaction is a hotel located at 2079 Main Street in Chatham, MA. The sale took place on 07/22/2022.
Summary of transaction details:
- Property Type: Hotel
- Transaction Amount: $4,400,000
- Address: 2079 Main Street, Chatham, MA
- Market: Chatham, MA
Oceanview Holdings LLC purchased the hotel from Layn Walker LLC. The sale was facilitated by Nicholas Herz of Boston Realty Advisors acting as the broker for the transaction.
Players
Chatham Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93