DSF Group Buys Westchester Apartment Tower for $148.5 Million

Boston-based DSF Group has closed on the purchase of La Rochelle, a 412-unit, 25-story luxury apartment tower in New Rochelle, NY for $148.5 million. The seller was 255 Huguenot St. Corp.

La Rochelle is made up of 43 studio, 142 one-bedroom, 185 two-bedroom and 42 three-bedroom units, including loft-style apartments and penthouse suites. The property also has approximately 6,000 square feet of ground-floor retail, a 422-space parking garage and rights for the development of an additional 40-story residential tower.

Amenities at La Rochelle include an outdoor swimming pool with sundeck, clubroom with fireplace, conference room, state-of-the-art fitness center, yoga room and a landscaped courtyard with grilling area.

La Rochelle is located at 255 Huguenot Street in downtown New Rochelle adjacent to the New Rochelle Transit Station, which provides Metro North and Amtrak service to New York City.

The DSF Group purchased the asset free and clear of existing debt.

The deal was brokered by Holliday Fenoglio Fowler, L.P. (HFF).

The DSF Group President Josh Solomon added, “We are thrilled to expand our presence in the New Rochelle submarket after having already enjoyed tremendous success in the market with the purchase of the adjacent 588-unit, 40-story Halstead New Rochelle property.”

DSF reportedly paid $210 million for Halstead New Rochelle apartments in 2013.