Three-Level Professional Office
Chatham Borough Chatham, NJ 07928
Chatham Borough, Chatham, NJ, 07928
$1,250,000
Pending
For Sale
$1,250,000
Pending
SINGLE_FAMILY - Chatham Borough, NJ
Property Size3,590 SF
Days on Market33
Property Features for Chatham Borough
General Information
- Property type
- Residential
- Property subtype
- Office
- Standard status
- Pending
Listing agency
BHHS Fox & Roach Livingston Sales Office
(973) 992-6363
Listed by
Kelly A. & Cornelius "Con" Hartnett
(973) 224-2430
Added: Jun 19 Updated: Jul 10 at 10:09AM Checked: Jul 21 at 7:06PM
MLS# 26023043
Copyright © 2026 Berkshire Hathaway HomeServices Fox & Roach, Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained professional office building offers a three-level layout totaling 3,590 SF plus 1,206 SF of clean open basement space. The current configuration includes eight private offices, a spacious reception area, and a conference room, along with two bathrooms. On the third floor, there is a kitchenette and dining/break area that also functions as an employee training space.
Located approximately two blocks from the Chatham train station, the building is supported by a dedicated onsite parking lot with 13 parking spaces, providing convenient access for staff and visitors. Permitted uses include professional and general office, personal service, restaurant, child-care center, apartments above the first floor, educational or recreational instruction, and nursing home or adult daycare center, with conditional uses that include medical/dental office, bank, commercial recreation, entertainment, amusement, and institutional.
Located approximately two blocks from the Chatham train station, the building is supported by a dedicated onsite parking lot with 13 parking spaces, providing convenient access for staff and visitors. Permitted uses include professional and general office, personal service, restaurant, child-care center, apartments above the first floor, educational or recreational instruction, and nursing home or adult daycare center, with conditional uses that include medical/dental office, bank, commercial recreation, entertainment, amusement, and institutional.
Key Highlights
- Professional office building with 3,590 SF plus 1,206 SF clean open basement space
- Three‑level layout includes eight private offices, spacious reception, conference room, and two bathrooms
- Third‑floor kitchenette with dining/break area that can also serve as an employee training space
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 | $107.7k | $30.00 |
| − Vacancy | −$34.5k | −$9.60 |
| EGI | $73.2k | $20.40 |
| − OpEx | −$18.3k | −$5.10 |
| NOI | $54.9k | $15.30 |
3,590 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$784.7K
$686.6K – $915.5K
NOI $54,927 @ 7.0% cap · market cap 4.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$937.4K
$820.2K – $1.09M
NOI $65,619 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Isalis
(Bike/Boat/Book/etc) Store
Party City
Party Supply Store
Skunk Funk
Big Box & Wholesale Store
Carl's Trading Co
Hat Shop
Bushka's Kitchen LLC
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Well-maintained three-level office with eight private offices, reception, conference room, and 13 onsite parking spaces.
Where is this office building located?
The property is located at Chatham Borough Chatham, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Professional office building with 3,590 SF plus 1,206 SF clean open basement space; Three‑level layout includes eight private offices, spacious reception, conference room, and two bathrooms; Third‑floor kitchenette with dining/break area that can also serve as an employee training space
