Introducing a unique investment opportunity in the heart of Chatham! This historic three-story brick building, formerly home to Brown's Shoe Store, features two vibrant commercial storefronts and four fully occupied apartments. Nestled on Main Street, the property benefits from high foot traffic and a diverse range of established businesses, enhancing its appeal to tenants and visitors alike. Currently generating 129,600 in annual rents, the building has a strong financial profile with tenants responsible for all utilities. With a CAP rate exceeding 9 points based on current rents, this well-maintained asset offers an attractive return on investment. Don't miss the chance to add this prime commercial property to your portfolio!
Heating:
Forced Air, Propane
Utilities
Cable Available, Electricity Connected, Propane, Sewer Connected, Water Connected
Owner Pays:
Electricity, Trash Collection
35 Main Street, Chatham, NY, 12037
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
