Updated Mar 12, 2026
SAGE Investment Real Estate Brokers $5.35 Million Sale Of Eight-Unit MultiFamily In Chatham
312 Hillside Avenue
$5,350,000
Units
8
Asset Type
MultiFamily
Closing
Mar 12, 2026
About this deal
AI
The Ashton is an eight-unit luxury rental property located at 312 Hillside Avenue in Chatham, featuring seven market-rate units and one affordable unit. The property was fully stabilized and offers two-bedroom, two-and-a-half-bath layouts with high-end finishes, which reflects strong rental fundamentals in Chatham's high-barrier, high-income market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,350,000
- Units: 8
- Price Per Unit: $668,750
- Broker: Steve Tragash - SAGE Investment Real Estate
SAGE Investment Real Estate Advisors facilitated the sale of The Ashton, demonstrating the demand for luxury rental properties in the area. The transaction showcases the company's expertise in brokering high-value real estate deals, reinforcing their presence in the Chatham market.
On the Map
$5,350,000
MultiFamily
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Chatham MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93