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140 Shawmut Avenue, Boston,...

Sheldon J.J. Kwok Acquires Condo Unit In Boston, MA For $2.25M
SOLD

Sheldon J.J. Kwok Acquires Condo Unit In Boston, MA For $2.25M

140 Shawmut Avenue, Boston, Massachusetts 02118, United States

$2,250,000

$999/SF

Building Size

2,251 SF

Asset Type

Closing

May 8, 2022

AI

The Unit 1D condominium located at 140 Shawmut Ave in Boston, MA has been sold. The property, with a total area of 2,251 square feet, was sold for a price of $2,250,000. The selling price translates to approximately $1,000 per square foot.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,250,000
  • Square Footage: 2,251 sqft
  • Address: 140 Shawmut Ave, Unit 1D, Boston, MA
  • Market: Boston, MA

The buyer of the property is Sheldon J.J. Kwok, while S R Varney acted as the seller. Handling the transaction was broker Andrew Haddad.

Players

Andrew Haddad

Northeast Development & Investment

Broker

$33M

vol

15 deals

Broker

Boston CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93