facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Mixed Use

/

Sale

/

434 Main Street

Stephen Gianis Of Kislak Brokers Chatham Mixed-Use Property Sale For $2.35M
SOLDMixed-use

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

Stephen Gianis

Avison Young

Broker

$4.5M

vol

6 deals

Broker
Kislak
KislakBrokerage

Sunny Uberoi

Buyer

$13.3M

vol

3 deals

Buyer

Chatham Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

Loading comparables…

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