A Boston real estate investment group acquired the 310-unit The Brooklyn Riverside apartments on Dec. 8 for $78 million.
Through BR Riverside DST, New York-based Bluerock Real Estate L.L.C. sold the community at 100 Magnolia St. to Eaton Vance Management REIG.
Eaton Vance bought the property through BEL Brooklyn LLC.
The per-unit price was $251,612.
The Brooklyn Riverside is behind the Brooklyn Station shopping center anchored by The Fresh Market along Riverside Avenue.
Brian Moulder, managing director of Investment Sales at Walker & Dunlop, brokered the sale for the seller.
The apartments, built in 2015, comprise seven four-story buildings on 8.17 acres. The property’s 2021 taxable value is $52,859,200.
Pollack Shores Real Estate Group of Atlanta sold the apartments to Bluerock in June 2016 by for $57.97 million.
The community’s one- and two-bedroom units range in size from 664 to 1,293 square feet.
Amenities include a pool, fitness room, conference room and clubhouse with grills.