Goldman Sachs Acquires 200-unit East Boston Multifamily Building for $85M

Goldman Sachs & Co. has acquired the Boston East apartment property, located at 126 Border St. in Boston, for $85.25 million. This price translates to $426,250 per unit for the 200-unit complex.

Transaction Details

The New York-based investor purchased the property from American Realty Advisors, a firm based in Los Angeles.

Apartment Features

Boston East, constructed in 2016, offers a variety of units, including studio, one-, two-, and three-bedroom apartments. The sizes of these units range from 469 to 1,635 square feet. According to ApartmentFinder.com, rental prices for these apartments begin at $2,600 per month for a studio.

Amenities

The six-story building provides a range of amenities for its residents, including a fitness center, clubhouse, grilling station, picnic area, and walking trails. Additionally, the property features a car charging station, lounge area, bicycle storage, and on-site maintenance services.