Vistria Group Acquires Multifamily Property In New York City For $174M

The multifamily property located at 150 West 225th Street, 825-875 Boynton & 820-880 Colgate Ave in New York City has been sold in a closed transaction. The sale was facilitated by brokers Daniel Parker, Gary Phillips, and Will Silverman from Eastdil Secured. The property has a total of 1,290 units, with a price per unit (PPU) of $134,884. It spans approximately 1,000,000 square feet, resulting in a price per square foot (PPSF) of $174. The transaction was completed for a total sale price of $174,000,000.

Summary of Transation Details

• Property Type: Multifamily
• Transaction Amount: $174,000,000
• Market: New York City

Vistria Group, in partnership with Nelson Management, acquired the property from Nelson Management and L&M Development Partners, with Robert Nelson representing the sellers. The buyer and seller have engaged in this transaction to facilitate the transfer of the multifamily property. Further details regarding the deal's key individuals and companies involved are not available.