facebook
Traded Co logo
Submit
Daily limit: 0/10

Scott W. Amling Of TA Realty Acquires Multifamily Asset In Revere For $122M

Property Image
SOLD
$122,000,000

Massachusetts

See Similar Deals
MultiFamily
Sold 06/20/2025
the dealplayerscompscontact
Property Image
SOLD

Scott W. Amling Of TA Realty Acquires Multifamily Asset In Revere For $122M

656 Ocean Avenue

See Similar Deals
MultiFamily
Sold 06/20/2025
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 656 Ocean Avenue, Revere, MA. The asset consists of 230 units and was sold for $122,000,000, amounting to approximately $530,435 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $122,000,000
  • Units: 230
  • Price Per Unit: $530,435
  • Buyer: Scott W. Amling - TA Realty
  • Seller: Andrew Montelli - Post Road Residential & Harvey M. Schwartz - Carlyle

Key individuals in the deal include Scott W. Amling representing TA Realty, who acquired the asset, and Andrew Montelli and Harvey M. Schwartz representing Post Road Residential and Carlyle, respectively, who were the sellers in this transaction.

Players

Scott W. Amling
TA Realty
Scott W. Amling
6 deals$344.8M volume
BUYER
TA Realty
TA Realty
BUYER
Carlyle Group
Carlyle Group
SELLER
Carlyle Group
Carlyle Group
SELLER

Details

SOLD
IMAGE: Scott W. Amling, Andrew Montelli, & Harvey M. Schwartz DATE: 06/20/2025 ADDRESS: 656 Ocean Avenue MARKET: Revere, MA ASSET TYPE: Multifamily BUYER: Scott W. Amling - TA Realty SELLER: Andrew Montelli - Post Road Residential & Harvey M. Schwartz - Carlyle (@OneCarlyle) SALE PRICE: $122,000,000 UNITS: 230 ~ PPU: $530,435 NOTE: TA Realty bought The Robinson, a 230-unit apartment building on Revere Beach, for $122 million, or over $528,000 per unit, from Carlyle and Post Road Residential.

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

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
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,506,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$433,440.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$578,342.24
Annual Debt Service$6,940,106.90