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217 Units | YEAR COMPLETED 2015
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THE OFFERING
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Luxury High-Rise in the Heart of Downtown Boston
2015
Year Built
Chris PhaneufSenior Managing Director
617.648.4191
chris.phaneuf@berkadia.com
MA Principal Broker Lic #9032841
OFFICE
Boston Office
125 High Street, Suite 1712
Boston, MA 02110
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 loan brokerage business in Nevada.
© 2024 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 Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit: https://www.berkadia.com/licensing/
With the city of Boston seeking 20% affordability in new development projects, One Greenway’s 100% market rate units allows ownership the rare opportunity to maximize revenue across the entire property.
100% Market Rate
MORTGAGE BANKING
99 Kneeland Street | Boston, MA 02111
One Greenway offers durable in-place income and a history of strong rent growth. Recent operations reflect the property’s strong competitive position with 95% occupancy and 5% effective rent increases on lease renewals.
Proven Performance
The residents of One Greenway are young, highly educated and working or studying in Boston’s medical, life sciences and financial industries. The property sits adjacent to the Tufts Medical Center, a 415-bed teaching hospital, whose 900 medical and dental students and 3,500 employees create cycle-resistant demand for housing at One Greenway.
Excellent Demand Drivers
With no apartment projects being developed in Boston’s CBD for the foreseeable future, growing demand and lack of new supply will continue to put upward pressure on rents.
Nation-Leading Supply / Demand Fundamentals
One Greenway is situated in the center of Boston and within a 15-minute walk of the Financial District, Back Bay, Seaport, and South End. The property features a 98 Walk Score “Walker’s Paradise” and 100 Transit Score “Rider’s Paradise.”
Central to Everything in Boston
The Offering
Berkadia is pleased to present the opportunity to acquire One Greenway, a trophy-quality apartment tower located in Boston’s central business district, one of the nation’s strongest residential markets.
One Greenway’s resident amenities, large units, luxury finishes, sweeping views and LEED certification place it among the top of Boston’s rental properties as evidenced by its impressive historical performance.
A Class A Trophy
Units
217
Occupied
95%
Market Rate
100%
Public Parking Garage Spaces
135
Certified
LEED
Adam DunnManaging Director
617.648.4192
adam.dunn@berkadia.com
MA RE Broker Lic #9553106
Mitch SinbergSenior Managing Director
561.609.4006
mitch.sinberg@berkadia.com
Matthew RobbinsManaging Director
561.609.4008
Matthew.robbins@berkadia.com
Jackie MeagherSenior Director
781.990.0159
jackie.meagher@berkadia.com
GALLERY
Walk Score
98
Transit Score
100
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