Updated Oct 12, 2026
Tishman Speyer Acquires Multifamily Property In Boston, MA For $135M
10 New Street, East Boston, Massachusetts 02128, United States
$135,000,000
Units
259
Asset Type
MultiFamily
Closing
Jan 10, 2023
About this deal
AI
A multifamily property located at 10 New St in Boston, MA has been sold in a transaction that closed on 01/11/2023. The property, consisting of 259 units, was sold by The Green Cities and the transaction was represented by Kelly Saito. The buyer of the property is Tishman Speyer. The sale price for the multifamily property was $135,000,000, resulting in a price per unit of $521,236.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $135,000,000
- Address: 10 New St, Boston, MA
- Units: 259
- Price Per Unit: $521,236
- Seller: The Green Cities
- Seller's Representative: Kelly Saito
- Buyer: Tishman Speyer
The sale of the multifamily property at 10 New St in Boston, MA was a significant transaction in the market. The involvement of Kelly Saito as the seller's representative highlights the professional representation provided by The Green Cities. Tishman Speyer, as the buyer, demonstrated their interest and investment in the Boston real estate market.
On the Map
$135,000,000
MultiFamily
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Players
East Boston MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93