Newmark Capital Markets Gets Exclusive Listing of 195-Unit Luxury Apartment Complex

BOSTON-Newmark Knight’s Capital Markets team has been retained to sell Serenity, a 100% market-rate, 195-unit luxury apartment community. Executive Managing Director, Michael Byrne, Managing Director, Thomas Greeley, and Associate, Casey Griffin, will oversee the transaction of the complex.

Byrne elaborated on Serenity and the benefits of the location. “Featuring 100% market-rate apartment units, high-rise steel construction and a transit-oriented location with immediate access to major employers, Serenity has enjoyed impressive leasing velocity throughout the past 12 months…the property also boasts an exceptional urban core location in Boston, a premier gateway city, and a fee-simple offering structure with no ground lease, which will appeal to a variety of potential investors,” extolled Byrne.

Completed in 2017, Serenity boasts condominium-quality finishes, including contemporary kitchens, sleek bathrooms, walk-in closets and oversized windows providing abundant natural light and sweeping views. The property also features vibrant on-site amenities, such as a two-story, dual-entrance lobby, a spacious lounge, an elevated pool deck, a private courtyard, a modernized fitness center, and a direct-access parking garage.

The asset is strategically positioned at the northeastern edge of Olmsted Park, a nearly 13-acre green space that is part of Boston’s Emerald Necklace park system, and adjacent to the Longwood Medical Area, a renowned medical, research, life science and education hub anchored by Harvard Medical School. This site provides an abundant amount of employment opportunities, as more than 60% of Serenity’s current residents work within the medical/healthcare sector. The complex is also placed near the MBTA Green Line, which facilitates rapid connections to destinations throughout the Longwood Medical Area, Back Bay, Downtown Boston and Cambridge.

Michael Byrne

Casey Griffin

Thomas Greeley