Tishman Speyer Acquires Multifamily Property In Boston, MA For $135M
SOLD
$135,000,000
Massachusetts
See Similar DealsMultiFamily
Sold 01/11/2023
SOLD
Tishman Speyer Acquires Multifamily Property In Boston, MA For $135M
10 New Street, East Boston, Massachusetts 02128, United States
See Similar DealsMultiFamily
Sold 01/11/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$479,626.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$639,968.87
Annual Debt Service$7,679,626.49
Is there something missing? Send suggestions