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Luxury Beach Living in Greater Boston
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90 Ocean Avenue | Revere, MA 02151
The Offering
Berkadia Investment Sales is pleased to present 90 Ocean (“Ninety_O”), a newly constructed luxury apartment community optimally located in Revere, Massachusetts. 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. These unit features are complemented by 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 and market rents as well as improve operating efficiencies. The property will be sold free and clear of existing financing.
Convenience and Accessibility: Located less than five minutes walking distance from Revere Beach MBTA Station, which offers regular service to Downtown Boston, Logan International Airport, and a convenient connection to Cambridge. Close to major highways of Route 1, I-93, and I-90.
100% Market Rate: Ninety_O's 75 apartment homes are 100% market rate, allowing ownership to fully capitalize on marking rents to market and closing the gap on in-place rents.
Growing Life Science Sector: As the world’s center of life science research and development, Greater Boston boasts nearly 50 million square feet of laboratory and development space that play host to more than 90,000 jobs. Nearby communities are constructing an additional 2.75 million square feet of laboratory space, which will further fuel demand for housing.
Rental Value Proposition: Offering convenient access to public transportation, Ninety_O provides working professionals with both easy access to their employers and beachfront living at an average discount of over $1,800 per month, and a trade-off of a 15-minute commute when compared to Downtown Boston Class A apartments.
Distinctive, Stylish Living: Ninety_O is a Class A property with thoughtfully designed units featuring contemporary finishes, gourmet kitchens, and a washer and dryer in each unit. Community amenities include garage parking, bike storage, fitness center, community room, individual common area workstations, rooftop deck, fenced-in pet area, and immediate access to Revere Beach.
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Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This website is not intended to solicit commercial mortgage company business in Nevada.
© 2023 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/.
CONTACT Us
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Adam Dunn
INVESTMENT SALES
MORTGAGE BANKING
Managing Director
617.648.4192
adam.dunn@berkadia.com
Peter Dudunakis
Financial Analyst
617.648.4180
peter.dudunakis@berkadia.com
Chris Phaneuf
Senior Managing Director
617.648.4191
chris.phaneuf@berkadia.com
Nick Jasinski
Director
617.648.4189
nick.jasinski@berkadia.com
Sean Daly
Associate Director
781.990.1748
sean.daly@berkadia.com
Boston Office
125 High Street, Suite 1712 | Boston, MA 02110
INVESTMENT HIGHLIGHTS
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90 Ocean Avenue | Revere, MA 02151
UNITS: 75 | YEAR COMPLETED: 2021
The Offering
Investment Highlights
Photo Gallery
Document Center
Terms of Use
Privacy
Contact
Contact
Photo Gallery
Investment Highlights
The Offering
Privacy
Terms of Use
The Offering
Investment Highlights
Photo Gallery
Terms of Use
Privacy
Contact
DOcument center
Document Center
Sean Daly
Associate Director
781.990.1748
sean.daly@berkadia.com
Jackie Meagher
Senior Director
781.990.0159
jackie.meagher@berkadia.com