Shawah of Baldwin Pearson & Co. closes $2.25m sale of multifamily asset

Stamford, CT Daniel Shawah of Baldwin Pearson & Co., Inc. has brokered the sale of a well-located multifamily asset at 638 Cove Rd., positioned at the corner of Cove Rd. and Duffy St. in the Shippan neighborhood.

The property is comprised of eight residential units and sold for $2.25 million translating to $238 per s/f and $281,250 per unit. The transaction closed all-cash within 30 days, underscoring the buyer profile that Shawah was able to secure.

“We’re very pleased with the outcome of this transaction and proud to have delivered exceptional service to both the buyer and seller,” said Shawah.