Vista Brooklyn Apartments Sold for a Record $126.3 Million

An affiliate of Bristol Development Group and Hallmark Partners announced the sale of Vista Brooklyn on Monday for $126.3 million. 

The Buyer was CS 1031 Vista Brooklyn Apartments DST, an affiliate of Capital Square. The sale marked the highest price ever paid for an apartment building in Jacksonville, according to Hallmark Partners. 

Vista Brooklyn, located at 200 Riverside Ave., opened in 2021. The 10-story apartment building contains 308 units, which means the sale comes out to more than $409,000 per unit. The apartment floor plans range from studio to three-bedroom, and the building also has 12,687 square feet of ground floor commercial/retail. 

Read the full Jacksonville Business Journal article.

Will Mathews, Casey Babb, Shawn Rupp, Luis Baez, Brad McCollum, Thomas Leachman and Pete Nicoletti of Colliers facilitated the transaction.