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New York & Tri-State  + Fairfield/Westchester  + Apartments  |  August 30, 2022
DSF Group has sold Halstead Station, a luxury apartment property near the New Rochelle, NY train station, for $200 million
Paul Bubny
By: Paul Bubny

DSF Group Exits New Rochelle Multifamily Investment for $200M 

The DSF Group has sold Halstead Station, a 408-unit luxury high-rise apartment building in New Rochelle, NY, for $200 million. Khosla Capital LLC acquired the property in a preferred equity venture with Pacific Urban Investors. 

Built in 2001 and located near the Metro-North train station in New Rochelle, Halstead Station benefits from a prime CBD location while providing access to Midtown Manhattan in under 30 minutes via Grand Central Terminal. A JLL Capital Markets team of Jose Cruz, Steve Simonelli, Michael Oliver, Andrew Scandalios, Kevin O’Hearn, Marion Jones and Josh Stein represented DSF. 

“Demand for New Rochelle multi-housing remains very strong with investors underwriting significant rental upside in the market,” said Cruz. 

Josh Solomon, president of The DSF Group, added, “The sale of Halstead Station represents another successful execution of our value-add strategy and the completion of our second investment in New Riochelle.” 

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DSF GroupJLL's Cruz

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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