Historic Chatham Mixed-Use
35 Main Street Chatham, NY 12037
35 Main Street, Chatham, NY, 12037
$1,200,000
For Sale
$1,200,000
Three-story brick building with commercial storefronts and apartments.
Property Size6,324 SF
Price / SF$189.75
Days on Market98
Property Features for 35 Main Street
General Information
- Standard status
- Active
- Size
- 6,324 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
KELLER WILLIAMS REALTY HV NORT
(845) 481-2700
Listed by
MELISSA COX
Source
Corcoran
Added: Apr 11 Checked: Jul 17 at 3:24 am
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 KELLER WILLIAMS REALTY HV NORT
Investment Insights
Based on property information with market context.
This historic three-story brick building, formerly Brown's Shoe Store, is located in the heart of Chatham. The property features two commercial storefronts and four fully occupied apartments. Situated on Main Street, the building benefits from high foot traffic and proximity to a diverse range of established businesses. The property generates $129,600 in annual rents. Tenants are responsible for all utilities. The building has a CAP rate exceeding 9 points based on current rents. The property size is 6,324 square feet.
Key Highlights
- High CAP rate exceeding 9 points based on current rents.
- Generates $129,600 in annual rents.
- Prime Main Street location in the heart of Chatham with high foot traffic.
Local Financial Insights For Retail
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 | $106.2k | $16.80 |
| − Vacancy | −$11.2k | −$1.76 |
| EGI | $95.1k | $15.04 |
| − OpEx | −$28.5k | −$4.51 |
| NOI | $66.6k | $10.53 |
6,324 SF · lease $16.80/SF/yr · vacancy 10.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$950.9K
$832.0K – $1.11M
NOI $66,561 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,522 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Three-story brick building with commercial storefronts and apartments.
Where is this mixed-use property located?
The property is located at 35 Main Street Chatham, NY.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High CAP rate exceeding 9 points based on current rents.; Generates $129,600 in annual rents.; Prime Main Street location in the heart of Chatham with high foot traffic.
