The new owner plans to implement a $6.8 million capital improvement plan at the property.
The 192-unit community is slated for completion in August 2024.
Part of a major mixed-use property, the Brooklyn building was purchased from The Brodsky Organization.
The firm broke ground in the second quarter of 2022, with completion expected in February 2024.
The project is expected to earn LEED Silver and Fitwel certifications, in line with the developer’s commitments to sustainability.
Scheduled for completion by late 2024, the mixed-income community will comprise 321 units.
This mixed-use development is valued at more than $200 million.
Stonebridge Luxury Apartments last traded in 2016, for $105 million.
Trinnium financed the purchase with a $15 million loan from NexBank.
CBRE represented RK Properties, which sold the Raleigh property five years after acquiring it.