300+ Unit Everett Multifamily Hits the Market

Berkadia is now offering for sale The Batch Yard, a 328-unit luxury apartment community situated in the heart of one of Boston’s most transformative markets. Located just minutes from Cambridge and downtown Boston, the 100% market rate property presents an incredibly rare opportunity to acquire a best-in-class property located minutes from the 50 million square foot life sciences, office, and innovation clusters. The property, which is the site of the former Charleston Chew candy factory, boasts stylistic adaptations that capture the building’s unique history in architectural design. It offers expansive amenities including a 3,000-foot fitness center, resort-style pool deck with outdoor movie screen, three lounge areas, and a dramatic 3,600-square-foot roof deck with sweeping views of Boston and Cambridge.

The Batch Yard is currently 96% occupied and 98% leased with an impressive Q1 retention rate of 68% and average net rent increases of 7%. Since its completion in 2014, the property has enjoyed impressive operating performance with rents increasing 30% and average occupancy of 94%, even as new competing supply was being added to the area. More information about this offering can be found here.

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