Stephen Gianis Of Kislak Brokers Chatham Mixed-Use Property Sale For $2.35M
434 Main Street
$2,350,000
$470/SF
Building Size
5,000 SF
Asset Type
Mixed-use
Closing
Oct 31, 2022
AI
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
Chatham Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93