610-612 Shawmut, Boston, MA 02118
Mixed-use brownstone with development potential in opportunity zone.
- Added:
- Oct 7, 2024
- Days on Market:
- 639
- Last Refresh:
- Jul 4 at 10:40 pm
Property Features for 610-612 Shawmut
General Information
- Standard status
- Active
- Size
- 5,865 SF
- Lot size
- 0.11 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 1920
Listing office Gibson Sotheby's International Realty (617) 908-6775
Listing date Oct 7, 2024
Source Exitrealty
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Gibson Sotheby's International Realty
HighLights
- Multi‑unit development opportunity with adjacent buildable lot
- Delivered vacant, allowing immediate development or rental
- Located in an Opportunity Zone, offering potential tax benefits
- Four‑unit mixed‑use brick brownstone
- Close proximity to Boston Medical Center and several major universities
- Abuts a beautiful public park
Overview
Local Financial Insights For Mixed Use
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 | $211.1k | $36.00 |
| − Vacancy | −$19.0k | −$3.24 |
| EGI | $192.1k | $32.76 |
| − OpEx | −$72.1k | −$12.29 |
| NOI | $120.1k | $20.47 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Boston
- County
- Suffolk
- State
- Massachusetts
- Longitude
- -71.08033
- Latitude
- 42.33555