Eric Shabshelowitz - Real Estate

Deal Insights: 63–65 Weld Hill Street | Jamaica Plain

One of the more interesting aspects of this condo conversion was how much of the value creation came from relatively nuanced decisions. A few key takeaways:

1. Layout changes can unlock significant value
Adapting older floor plans to better reflect how people live today — particularly by capturing underutilized space — can have a meaningful impact on both functionality and pricing.

2. Building code knowledge can create opportunities others miss
In this case, a detailed understanding of fire code allowed for the removal of the rear staircase, making it possible to add an additional bedroom and bathroom to each unit.

3. Certain features consistently command a premium
Off-street parking and private outdoor space — especially roof decks — remain highly desirable and can materially influence buyer demand and pricing.

Projects like this are a good reminder that value isn’t just created through renovation — it’s created through informed decision-making at every stage.

A recent project in Jamaica Plain is a good example of how thoughtful ex*****on can unlock significant value in the Boston market.

63–65 Weld Hill Street was acquired as a run-down three-family in December 2022. The original asking price was $1,325,000 — we were able to negotiate a purchase at $1,209,000.

My client - an experienced developer - purchased the property with the intent of completing a condominium conversion. It was transformed into three high-quality residences with modern layouts and features that today’s buyers consistently prioritize — central air, in-unit laundry, tankless hot water heaters, and a private roof deck for the penthouse unit.

I had the opportunity to work closely with the developer throughout the planning and design process, and ultimately handled the sales of all three units.

Total sellout: $2,630,000

A few takeaways from this project:

• Well-located multifamily assets in neighborhoods like Jamaica Plain still present strong value-add opportunities
• Ex*****on — both in design and positioning — is critical to maximizing returns
• Buyers continue to pay a premium for turnkey, thoughtfully designed units

It’s been a while since I’ve posted here.

Over the past couple of years, I’ve had the opportunity to work on some really interesting deals across Boston — from off-market opportunities to competitive, multiple-offer situations.

It made me realize… I haven’t shared nearly enough of what’s actually happening behind the scenes.

So I’m changing that.

I’m going to start posting more consistently — sharing past sales, deal stories and what they say about the market right now.

If you’re curious about where things stand (or where they’re headed), stay tuned.

First one coming next week.

SOLD! Eric Shabshelowitz () represented the buyer of this 10 unit multifamily on Beacon Hill. The property had been gut-renovated in 2022 - bringing luxury finishes to this stunning Beacon Hill beauty. Fully rented at the time of closing, our buyer is a long-term holder and will be utilizing Cabot & Company’s property management team to oversee this trophy asset.

Sale Price: $9,000,000 (asking price was $9,850,000)

New to Market: This street-level commercial condominium sits in a prime location on a corner, directly across from Boston Medical Center. In addition to BMC and the BU Medical School campus, the area offers generous opportunities to capture traffic from nearby housing, hotels and developments. Currently a quick service restaurant, the location and current layout provide numerous possibilities for the future.

The unit is currently under long-term lease to an operating restaurant.

Offered at $1,000,000

Thinking about your first multifamily investment? Here are 5 essentials to consider:

1️⃣ Location & Demand – Neighborhoods with strong rental demand, low vacancy, and proximity to transit typically hold value over time.
2️⃣ Property Financials – Analyze current rent roll, expenses, and potential for value-add improvements.
3️⃣ Financing Options – Shop lenders who specialize in investment property loans—terms vary widely.
4️⃣ Tenant Profile – Understand who your renters are likely to be and what they expect in amenities.
5️⃣ Regulatory Landscape – Know Boston’s landlord-tenant laws, rent control debates, and permitting rules.

💡 The right first investment can set you up for long-term wealth growth—if you buy smart.

📩 Message me if you have questions about how to get started or to discuss opportunities in Greater Boston.

New to Market: Located in the heart of Fall River’s Globe Four Corners, this high-visibility property offers tremendous access to major routes, the new MBTA station to Boston, and a fast-growing community. Currently an operating car wash, this property is ideal for redevelopment opportunities and long-term tenants.

New Listing: Rare opportunity to own or lease prime street-level commercial space in Boston’s vibrant South End. Located on highly visible Washington Street, this versatile space features expansive front-facing windows, an open and flexible floor plan and excellent exposure to both foot and vehicle traffic. Included is a covered parking space, a valuable asset in this bustling neighborhood. The property is ideally suited for a variety of business uses—retail, office, studio, wellness, or professional services.

Offered at $850,000 (Sale) or $4,000/month NNN (Lease)

I was recently interviewed by Boston magazine for a story about retail rents on Newbury Street. Newbury Street is an international shopping destination, which creates some unique market dynamics. From my perspective, there are two distinct philosophies employed by landlords on the street, which is what I talked about for the article. Whether you are a landlord or a tenant, it is important to know the types of strategies and goals that are important to all parties.

If you have questions about the market, don’t hesitate to reach out! If I don’t know the answer, I have a great network and can connect you with someone that does.

Sold! Spanning over 7,000 square feet, this property served as a funeral home with an attached single-family residence, offering numerous potential opportunities. Situated in a convenient location, with bus stops just steps away, easy access to I-93 and Route 1 and multiple MBTA Orange Line stops within 2 miles.

Eric Shabshelowitz () and Jack Lavanchy () represented the seller and procured the buyer.

Sale Price: $1,300,000

Under Agreement. This single-story commercial building enjoys a fantastic corner lot location near the heart of Chelsea. The open floor plan offers flexibility to suit your business needs, witha full bathroom on the first floor and ample storage space in the basement. Total building area is approximately 2,160 square feet; 1,080 SF on the ground level and 1,080 SF in the basement. Centrally located, the property offers easy highway access, the Chelsea MBTA Commuter Rail Station, the MBTA Silver Line and several bus stops – providing quick and easy access to Logan Airport, Downtown Boston, the Seaport District and more.