560 Main St, Chatham, NJ
Premier location with redevelopment potential in Chatham Borough.
- Added:
- Apr 30, 2025
- Days on Market:
- 412
- Last Refresh:
- May 20 at 9:43 pm
Property Features for 560 Main St
General Information
- Standard status
- Active
- Size
- 6,600 SF
- Lot size
- 0.38 Acres
- Property subtype
- OFFICE
Listing agent Helene Elbaum (201) 320-3430
Listing office Newmark & Associates, Inc. (201) 320-3430
Listing date Apr 30, 2025
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Newmark & Associates, Inc.
HighLights
- 2024 Tax appeal GRANTED, saving $21K per year
- Premier Main Street Chatham Borough location
- B‑1 Zoning allows for office, retail, childcare, and medical uses
- Benefit from NEW windows, HVAC, and hot water heater
- On‑site parking PLUS additional street parking
- .38 Acres corner property
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $198.0k | $30.00 |
| − Vacancy | −$63.4k | −$9.60 |
| EGI | $134.6k | $20.40 |
| − OpEx | −$33.7k | −$5.10 |
| NOI | $101.0k | $15.30 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Chatham
- County
- Morris
- State
- New Jersey
- Longitude
- -74.3945
- Latitude
- 40.7464
