facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Office

/

Sale

/

19 Center Street, Chatham, ...

Jordan Baris Realtors Represents Buyer In $1.5M Office Sale In Chatham, NJ
SOLDOffice

Jordan Baris Realtors Represents Buyer In $1.5M Office Sale In Chatham, NJ

19 Center Street, Chatham, New Jersey 07928, United States

$1,500,000

$272/SF

Building Size

5,500 SF

Asset Type

Office

Closing

Feb 1, 2022

AI

19 Center St in Chatham was recently sold in a transaction that closed on February 2, 2022. The property, an office asset, was purchased for $1,500,000. Spanning over 5,500 square feet, the price per square foot came out to be $273. The deal was facilitated by Jordan Baris Realtors, representing the buyer, and Doug Gaffney & Joe Komitor from Lee & Associates New Jersey, representing the seller N&K Properties.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $1,500,000
  • Address: 19 Center St, Chatham
  • Market: Chatham
  • Buyer's Representative: Jordan Baris Realtors
  • Seller's Representative: Doug Gaffney & Joe Komitor - Lee & Associates New Jersey

This transaction showcases the value of this office property, with a sizable square footage and a high price per square foot. The involvement of experienced and reputable real estate professionals such as Jordan Baris Realtors and Doug Gaffney & Joe Komitor from Lee & Associates New Jersey further emphasizes the significance of this deal.

Players

Doug Gaffney

Lee & Associates

Broker

$3.2M

vol

2 deals

Broker

Chatham Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93