News: Brokerage

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

Daniel Shawah

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.

MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.