Updated Oct 19, 2026
Kimberly Sherman Stamler And Renzo Pisa Acquire Motor Mart Garage In Boston For $89M
201 Stuart Street
$89,000,000
Building Size
—
Asset Type
Garage
Closing
Oct 15, 2026
About this deal
AI
The property asset involved in this transaction is a garage located at 201 Stuart Street in Boston, MA, which was sold for $89,000,000. It consists of 1,021 parking spaces.
Summary of transaction details:
- Property Type: Garage
- Transaction Amount: $89,000,000
- Buyer: Kimberly Sherman Stamler - Related Beal
- Buyer: Renzo Pisa - Freeport Equity
- Seller: Richard Ressler - CIM Group
- Market: Boston, MA
In this transaction, Kimberly Sherman Stamler represents Related Beal while Renzo Pisa represents Freeport Equity. The seller, Richard Ressler, is associated with CIM Group. The buyers acquired the Motor Mart Garage, which was previously purchased by CIM Group for $162.5 million in 2016.
On the Map
$89,000,000
Garage
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Players
Boston Garage Market Snapshot
Boundary boundary · Garage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93