Quarry Place at Tuckahoe trades hands for $63M in Westchester County

MORRISTOWN, N.J., Oct. 28, 2025 – JLL Capital Markets announced today that it has secured the $63 million sale of Quarry Place at Tuckahoe, a 108-unit luxury multi-housing community located in the affluent suburb of Tuckahoe, Westchester County, New York.

JLL represented the seller, Veris Residential. The buyer was Hines.

Built in 2016, Quarry Place features 61 one- and 47 two-bedroom units with condo-quality finishes and an average unit size of 977 square feet. The property is currently 96% occupied and includes a 3,275-square-foot ground-floor retail space leased to Orangetheory Fitness. The community offers premium amenities including a fitness center with SYNRGY360 equipment, yoga room and spin studio, clubroom with computer stations, garden terrace with fire pit and EV charging stations.

Quarry Place is located just a five-minute walk from the Tuckahoe Metro North Train Station, providing residents transit access to Grand Central Terminal in under 45 minutes. The property is located less than 15 miles from both the George Washington Bridge and the Mario Cuomo Bridge, offering convenient access to the greater New York City area. The one-mile radius around Quarry Place boasts strong demographics, with an average household income of $196,145, 60% white collar employees and 67% of the population holding a bachelor's degree or higher. Westchester County's average home value is $826,207.

JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Senior Managing Directors Jose Cruz and Steve Simonelli along with Director Austin Pierce.

"Quarry Place represented an exceptional opportunity for investors to acquire a luxury transit-oriented apartment community in one of Westchester County's most affluent downtowns," said Cruz. "The property's prime location, high-quality finishes and strong occupancy levels demonstrate the continued strength of the suburban multi-housing market."

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

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Veris Residential, Inc. is a forward-thinking real estate investment trust (REIT) that primarily owns, operates, acquires and develops premier Class A multifamily properties in the Northeast. Our technology-enabled, vertically integrated operating platform delivers a contemporary living experience aligned with residents’ preferences while positively impacting the communities we serve. We are guided by an experienced management team and Board of Directors, underpinned by leading corporate governance principles; a best-in-class approach to operations; and an inclusive culture based on meritocratic empowerment.