Invel Capital Acquires New Rochelle MF Property for $23M
Invel Capital has acquired The Printhouse, a premium 72-unit multifamily property in New Rochelle, New York, for $22.75 million.
Located at 165 Huguenot Street, the class-A property features 71 studio, one- and two-bedroom apartments. Amenities include a fitness center, rooftop terrace, business center, lounge, and dog park.
“We are confident that New Rochelle, which already benefits from strong demographics and rental demand, will continue to thrive as renters, homeowners and investors increasingly pursue opportunity in vibrant and walkable urban and suburban environments.” said Ryan Goldstein, managing principal of Invel Capital.
The acquisition was facilitated by JLL, led by Jose Cruz, Steve Simonelli, and Michael Oliver, alongside Elizabeth DeVesty and Marion Jones.
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