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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Main St Chatham, NY 12037-1203

    • Investment properties
    • 5,890 SF
    • 0.09 lot acres
    OFF-MARKET
    Last Sale
    Aug 23, 2024
    $700,000
    Value Estimations
    $695,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-5526327
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Barns & Farms Realty, LLC / Real Estate Agency / Commercial Real Estate Agency
    • HVREAL.COM / Web Hosting Company
    • HVREAL: The Hudson Valley's Real Estate Network / Real Estate Agency / Commercial Real Estate Agency
    • Gilded Lily Tattoo / Tattoo Shop

    Property Details for 2 Main St

    Year built
    1974
    Lot size
    0.09 lot acres
    Property size
    5,890 SF
    Zone code
    07 - MIXED
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    102601 66.10-1-3
    APU
    102601661013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $700,000
      ML approach
      $700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $681,000
      Market price range: $633k - $1.57M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,075,000
      Current use
      RESTAURANT
      $1,040,000
      Change: -3% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chatham
    County
    Columbia
    State
    New York
    Longitude
    -73.5967
    Latitude
    42.3625
    CBSA code
    26460
    CBSA name
    HUDSON, NY MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2021
    $0.00
    $22,300
    $327,700
    $350,000
    -
    $23,978
    $352,366
    $376,344

    Comparable in this City

    • Value Estimation
      $280,000
      5,025 SF

      28 Park Row

      OFFICE/RESIDENTIAL (MIXED USE) • 5,025 SF
      28 Park Row, Chatham, NY 12037-1210
      View Details
    • Value Estimation
      $325,000
      10,226 SF

      25 Hudson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 10,226 SF
      25 Hudson Ave, Chatham, NY 12037-1143
      View Details
    • Value Estimation
      $285,000
      14,209 SF

      Ss St

      OFFICE/RESIDENTIAL (MIXED USE) • 14,209 SF
      Ss St, Chatham, NY 12037
      View Details
    • Value Estimation
      $245,000
      1,680 SF

      17 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,680 SF
      17 Ctr St, Chatham, NY 12037-1005
      View Details
    • Value Estimation
      $345,000
      6,216 SF

      11 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,216 SF
      11 Ctr St, Chatham, NY 12037-1005
      View Details
    • Value Estimation
      $575,000
      3,084 SF

      107 Hudson Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 3,084 SF
      107 Hudson Ave, Chatham, NY 12037-1315
      View Details

    Similar Nearby for Sale

    • $399,000
      Pending

      Iconic Chatham Commercial Building For Sale

      Mixed-use property with residential and commercial spaces in Chatham, NY.
      18-20 Main St, Chatham, NY 12037
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    • $265,000
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      Office Building with Ample Parking

      Office building for sale with ample parking and storage.
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    • $450,000

      Commercial Land in Growing Community

      1.5 acres of land with utilities in Chatham, NY.
      Hudson Ave, Chatham, NY 12037
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    • $309,000
      2,389 SF

      Chatham Multifamily Investment Opportunity

      Fully occupied three-unit building near Chatham's Main Street.
      29 Railroad Ave, Chatham, NY 12037
      View Details
    • $350,000
      1,800 SF

      Chatham Village Multi-Family Property

      Three one-bedroom apartments near town with positive cash flow.
      3 Maiden Ln, Chatham, NY 12037
      View Details
    • $4,700,000
      412.00 Acres

      Chatham Land with Mountain Views

      412-acre paradise near Chatham, Hudson, and Berkshire activities.
      69 County Rte 24, Chatham, NY 12037
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo
      42,337 SF

      Retail Space in Chatham Plaza

      Retail space in active shopping plaza with ample parking.
      15 Dardess Dr, Chatham, NY 12037
      View Details
    • $1,200 /Mo
      800 SF

      Chatham Office in Clock Tower

      Full-floor office space in historic Chatham Clock Tower building.
      1 Main St, Chatham, NY 12037
      View Details
    • $35 SF/Yr
      4,000 SF

      Chatham Retail Building & Land

      Prime 1.5-acre retail site, 4,000 sqft.
      0 Hudson Ave, Chatham, NY 12037
      View Details
    • $7 SF/Yr

      Flexible Space in Chatham Plaza

      3900 SF flexible space with loading dock for lease.
      15 Dardess Dr, Chatham, NY 12037
      View Details
    • $7 SF/Yr
      21,748 SF

      Chatham Plaza Retail Space Available

      Flexible 3900 sq ft space with loading dock.
      15 Dardess Dr, Chatham, NY 12037
      View Details
    • $1,500 /Mo
      2,409 SF

      Retail Space in Clock Tower

      Highly visible ground floor retail space in Chatham Village.
      1 Main St, Chatham, NY 12037
      View Details
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    2 Main St
    Chatham, NY 12037-1203
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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