Aerial view of residential high-rise with pool, surrounded by city roads and train tracks

Halstead Station

Halstead Station

New Rochelle, NY | 412 Units

Strategically located adjacent to the New Rochelle Metro-North and Amtrak station, Halstead Station offered direct commuter access to New York City in less than 30 minutes and presented a compelling opportunity to acquire a high-quality asset at a significant discount to replacement cost.

We fully repositioned the property as a Halstead, by creating a best-in-class fitness center, a reimagined leasing and resident arrival experience, a modernized pool deck, and a new outdoor grilling area. Simultaneously, with our renovation we implemented several energy savings initiatives such as installing a new heating system, air handling units, and efficient LED lighting which yielded significant annual savings.

Investment Profile

Acquisition Price: $148.5M (2016)
Sale Price: $200M (2022)

Before

Halstead Station

New Rochelle, NY

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halstead station before after
Before

Halstead Station

New Rochelle, NY

After
halstead station before after
Before

Halstead Station

New Rochelle, NY

After
halstead station before after