Updated Sep 30, 2025
Vistria Group Acquires Multifamily Property In New York City For $174M
150 W 225th St Bronx, NY 10463, USA
$174,000,000
$174/SF
Building Size
1,000,000 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
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.
On the Map
$174,000,000
$174/SF
MultiFamily
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Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93