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Built in 1998, Halstead Tarrytown consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments.
TARRYTOWN—The 300-unit Halstead Tarrytown rental apartment complex here has changed hands, commercial brokerage firm JLL reported on April 9.
Boston-based DSF Group sold the property to an unnamed buyer. No financial terms of the transaction were disclosed. The property, formerly known as the Talleyrand Apartments, was sold to an affiliate of the DSF Group for $91 million in April 2018.
Built in 1998, Halstead Tarrytown consists of 11 two-story buildings offering a mix of one- and two-bedroom apartments. The community presents a significant value-add opportunity, with all units featuring original finishes prime for renovation, JLL officials stated.
“The sale of Halstead Tarrytown demonstrates the continued investor interest in well-located, value-add multi-housing assets in strong suburban markets. The property's potential for unit renovations and future market-rate conversion make it an attractive investment in today's market,” said Steve Simonelli, Senior Managing Director for JLL. “Westchester County remains one of the strongest rental markets in the country. The premiere location and upside of Halstead Tarrytown was a special combination that drew offers from many national investors.”
DSF Group currently owns the 408-unit Halstead Station high-rise in New Rochelle, the 588-unit, 40-story Halstead New Rochelle and the 124-unit Halstead White Plains high-rise property. The firm has more than $5 billion invested in multifamily assets since its inception and maintains offices in Boston and Washington D.C.
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