Updated Oct 28, 2024
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
About this deal
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.
The hotel sale at 2079 Main Street, Chatham, Massachusetts 02633, United States in Chatham, Massachusetts sold for $4.4M in 2022. 2079 Main Street, Chatham, Massachusetts 02633, United States is classified as Hotel on Traded. Nicholas (Nick) Herz, Boston Realty Advisors appear on the sale alongside Boston Realty Advisors. This page is the Chatham, Massachusetts file for the 2079 Main Street, Chatham, Massachusetts 02633, United States hotel sold: pricing, party profiles, and other closed hotel comps from the same Chatham sit in the Market section below. Filter that Chatham hotel set by closing date to see what else sold near 2079 Main Street, Chatham, Massachusetts 02633, United States around 2022. Published consideration for 2079 Main Street, Chatham, Massachusetts 02633, United States is $4.4M, dated 2022. Cite this Oceanview Holdings LLC Acquires Chatham, MA Hotel On Main Street For $4.4M sale when underwriting similar hotel product around Chatham, Massachusetts.
Players
Chatham Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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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