Stephen Gianis Of Kislak Brokers Chatham Mixed-Use Property Sale For $2.35M
SOLD
$2,350,000
New Jersey
See Similar DealsMixed-use5,000 SF
Sold 10/31/2022
SOLD
Stephen Gianis Of Kislak Brokers Chatham Mixed-Use Property Sale For $2.35M
434 Main Street
See Similar DealsMixed-use5,000 SF
Sold 10/31/2022
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$470
Total Square Footage:5,000 SF
Transaction Type:Sale
A mixed-use property located at 434 Main Street in Chatham has been sold for a price of $2,350,000. The property spans 5,000 square feet, resulting in a price per square foot of $470.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,350,000
- Address: 434 Main Street, Chatham
- Market: Chatham
- Broker: Stephen Gianis - Kislak
The sale of this mixed-use property was facilitated by broker Stephen Gianis from Kislak. The transaction highlights the successful collaboration between the buyer, seller, and their respective representatives.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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