EXECUTIVE SUMMARY
Berkadia is pleased to present The Robinson, a twelve-story, 230-unit luxury apartment community towering above Revere Beach. The Robinson is the latest project of Post Road Residential, the region’s premier apartment developer, and is the highest quality property outside of downtown Boston. Offering large apartment homes with luxury finishes, 13,000 square feet of best-in-class amenities, and expansive views of the Boston skyline and Atlantic Ocean, The Robinson represents the pinnacle of beachfront living. The Robinson welcomed its first residents in the spring of 2023 and has continuously outperformed the neighboring Revere Beach properties, achieving a $330 monthly rent premium. Presently 94% leased, The Robinson commanded an eye-popping 14% effective lease trade-out increases in 2024 and most recently signed 21 new leases in February, a traditionally slow leasing month in Greater Boston. The Robinson’s residents are young, affluent professionals with an average household income of $252,961, who are attracted by the property’s combination of quality, amenities, access to key employment nodes and beachfront location. Savvy residents at The Robinson enjoy all these benefits at rent levels which are $1,276 per month less than similar or inferior properties in nearby Boston and Cambridge.
656 Ocean Ave Revere, MA 02151
UNITS: 230 | YEAR COMPLETED: 2023
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INVESTMENT SALES
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Boston Office
125 High Street, Suite 1712 | Boston, MA 02110
Chris Phaneuf
Senior Managing Director
617.648.4191
chris.phaneuf@berkadia.com
MA Principal Broker Lic #9032841
Jackie Meagher
Senior Director
781.990.0159
jackie.meagher@berkadia.com
Sean Daly
Associate Director
781.990.1748
sean.daly@berkadia.com
Adam Dunn
Managing Director
617.648.4192
adam.dunn@berkadia.com
MA RE Broker Lic #9553106
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 advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2025 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
656 Ocean Ave | Revere, MA 02151
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Investment Highlights
The Robinson's twelve-story steel structure stands out on Revere Beach for its superior design, quality, and views. With 13,000 square feet of amenities and high-end finishes like NEST thermostats and GE appliances, it competes with Boston's top properties. The 11th and 12th-floor penthouses offer added luxury with Bosch appliances, Fisher & Paykel refrigerators, marble baths and breathtaking views.
A Trophy Property that Rivals the Top CBD Towers
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THE ROBINSON
UNITS
230
Story, Steel-Framed
12
Market Rate
100%
Space Parking Garage
237
Year Built
2023
Leased
94%
Average In-Place Rent
$3,340
Average rents at The Robinson exceed all the Class A properties on Revere Beach by 11%, and more closely align with high-rise properties in nearby Somerville and Cambridge. Lease tradeouts averaged an astounding 14% increase in 2024, and with growing demand for the few beachfront properties in Greater Boston, continued outsized rent increases are expected.
Exceptional Performance
As the sole Class A high-rise on Revere Beach, The Robinson offers five floors above competing properties which generate substantial view premiums. The Robinson’s height premiums achieved on floors 8 through 12 relative to the other comparable Revere Beach properties total $515 per month across the 127 units, which equates to $16.5 million in added value. The Robinson’s 12th-floor penthouse units command the highest rents ever achieved on Revere Beach, topping at $6,850 per month for a two-bedroom home.
Proven Height Premiums
65% of The Robinson’s units provide ocean views, compared to an average of only 43% for neighboring properties on Revere Beach. The property’s side-facing units have a unique saw-tooth design feature that provides ocean views that the other properties on the beach do not. The ocean-view units achieve a monthly premium on trade-outs of $201 over rear-view floor plans which equate to $7 million in added value.
Capturing the Ocean View Premium
The Robinson is a five-minute walk from the MBTA Blue Line's Wonderland Station, providing quick access to Downtown Boston, Logan Airport, and connections to Cambridge and Boston's Seaport District. Over 100 million square feet of commercial space, accommodating 628,650 employees, is accessible within a 18-minute commute, contributing to Revere's growth.
Access to Boston’s Demand Drivers
The Robinson offers the unique combination of access to public transit and the region’s employment hubs, combined with similar quality and amenities as the CBD properties, PLUS the beachfront lifestyle, all at an average discount of more than $1,276 per month to similar properties in the urban core.
The Robinson: Value Proposition
AT A GLANCE
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Adam Marzilli
Senior Financial Analyst 617.648.4181 adam.marzilli@berkadia.com MA Salesperson Lic #9586683
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A rare feature in Greater Boston – generates an additional $440,000 in revenue over properties with mandated 20% affordability.
100% Market Rate
