Berkadia Lists Revere Beach Multifamily

Berkadia Investment Sales is pleased to present 90 Ocean (“Ninety_O”), a newly constructed luxury apartment community optimally located in Revere, Massachusetts. Located steps from the Atlantic Ocean and all that Revere Beach has to offer, Ninety_O consists of 75 condo-quality apartment homes with a market-leading amenity package. The property features modern unit finishes such as stainless-steel appliances, wood-style flooring, quartz countertops, lofty ceilings, in-unit laundry, and ocean views in select units, in addition to community amenities that include a fitness center, community room, individual common area workstations, on-site garage parking, bike storage, a rooftop deck, and a fenced-in pet area and dog wash. With easy access to Route 1, I-93, I-90 and the MBTA train station, residents enjoy seamless commutes to major employment nodes, numerous nearby shopping centers, and weekend getaways. Ninety_O has enjoyed a strong lease-up and is presently 97% occupied. There is opportunity to close the gap between in-place rents as well as improve operating efficiencies.

More information about this offering can be found here.

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