The Printhouse, a 72-unit multifamily property located at 165 Huguenot St. in New Rochelle, has been acquired for $22.75 million.
The six-story property was developed by Megalith Capital Management and opened in 2019. It features 71 studio, one- and two-bedroom apartments, a 2,700-square-foot commercial space, covered parking, a state-of-the-art fitness center, rooftop terrace with outdoor bar, business center, lounge, and a dog park.
The deal was brokered by JLL Capital Markets Advisory, led by Senior Managing Directors Jose Cruz, Steve Simonelli and Michael Oliver, Director Elizabeth DeVesty and Managing Director Marion Jones. Invel Capital LLC, a Summit, New Jersey-based real estate firm, was the buyer.
“We are excited to play a role in the continued revitalization of the New Rochelle urban core and consider The Printhouse one of the premier apartment communities in this market,” said
Ryan Goldstein, managing principal of Invel Capital. “The property”™s distinctive units, robust amenity set and immediate access to transit and neighborhood attractions have made it stand out to renters as a boutique, transit-oriented luxury housing community. 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.”
