Your 1031 DST Authority
CF Fleetwood Multifamily DST
Offering Overview
CF Fleetwood Multifamily DST is a $150.8 million Delaware Statutory Trust offering $74.9 million of equity in 42 Broad, a 249-unit Class A multifamily community in Mount Vernon, New York. Built in 2023, the 16-story property contains approximately 204,389 net rentable square feet of residential space plus approximately 11,650 square feet of ground-level retail on 1.37 acres, with 580 garage parking spaces and a broad amenity package. The property was 93.2% occupied at an average monthly rent of $3,351 as of the May 25, 2026 rent roll and is financed with a $75.949 million Freddie Mac loan at a fixed 5.09% rate, interest-only for ten years to a July 1, 2036 maturity. The targeted ten-year analysis shows total return on capital increasing from 4.25% to 6.01%; results are targeted estimates, not guarantees.
Investment Highlights
- Newer 2023-built, 249-unit Class A high-rise with residential and ground-level retail space.
- Transit-oriented Fleetwood location four minutes from Metro-North and under 30 minutes from Midtown Manhattan.
- 93.2% occupancy and 5.1% average effective lease trade-outs over the 60 days ending May 25, 2026.
- 580-space garage plus concierge, fitness, pool, rooftop, resident lounge, business center, and other amenities.
- Fixed 5.09% Freddie Mac financing with ten years of interest-only payments and a July 2036 maturity.
Forecasted Cash Flow
Projected annual cash-on-cash distributions with the corresponding tax-equivalent yield over the hold, based on the sponsor’s underwriting assumptions.
Illustrative projections only — targeted distributions are not guaranteed and actual results will vary. Tax-equivalent yield assumes depreciation shelter of distributed income.
Analyst Notes
The offering is a newer Class A multifamily asset with a transit-oriented Westchester location and a ten-year fixed-rate, interest-only loan that supports near-term cash-flow visibility but leaves the full principal balance due at maturity. The targeted return on capital rises from 4.25% in the initial 18-month analysis period to 6.01% in the final six-month period, driven by rent growth, operating assumptions, and additional/bonus rent mechanics. The principal underwriting dependencies are occupancy, rent collection, master-tenant performance, operating expenses, and the ability to sell or refinance before the July 2036 loan maturity.
Pros
New construction, high-quality amenity package, transit access to Manhattan, supply-constrained Westchester location, and experienced Cantor/Aker platform.
Cons
Single-asset and single-market exposure; 93.2% occupancy leaves lease-up and operating risk; 50.3% leverage creates refinancing or disposition risk at maturity; affiliated master tenant and multifamily operating risks; retail and New York-area tax/regulatory exposure.
Financing
Financing terms for this offering are summarized below.
Benchmark Comparison
| Metric | This Offering | Benchmark | Difference |
|---|---|---|---|
| Average Yield | 5.01% | 4.99% | +0.40% |
| Max Yield | 6.01% | 5.34% | +12.55% |
| 10-Yr Income Growth | 41.41% | 25.67% | +61.32% |
Benchmark reflects the average of comparable Multifamily offerings. Differences are relative to the benchmark.
Offering Documents
About the Sponsor
Cantor Fitzgerald reaches the 1031 market through Cantor Fitzgerald Investors, leveraging the global capital-markets and brokerage muscle of its 1945-founded parent and its Newmark affiliation to source institutional-quality DSTs and feed its non-traded Cantor Fitzgerald Income Trust. With roughly $13 billion under management at Cantor Fitzgerald Asset Management as of early 2024 and a portfolio approaching 12 million square feet across multifamily and net-lease assets, the franchise blends investment-bank sourcing with an UPREIT exit path. Its Opportunity Zone partnership with Silverstein Properties extends the platform into ground-up development, broadening the tax-advantaged menu it can offer.
This page describes a specific Delaware Statutory Trust offering (CF Fleetwood Multifamily DST) and is provided for informational purposes only. It does not constitute an offer to sell or a solicitation of an offer to buy any security. Any offering is made solely to verified accredited investors and only by means of a confidential private placement memorandum (PPM).
All figures shown — including minimum investment, cash-flow projections, tax-equivalent yield, loan-to-value, and hold period — reflect the sponsor's current estimates and assumptions and are not guarantees of future performance. Tax-equivalent yield depends on each investor's tax circumstances; projected distributions may not be achieved and actual results will vary. Sponsor track record, benchmark data, and full-cycle averages describe prior programs and are not indicative of the results of this offering.
An investment in a DST is speculative, illiquid, and involves a high degree of risk, including the possible loss of the entire amount invested. There is no public market for these interests, distributions are not guaranteed, and investors have no control over property operations. 1031 exchange and tax treatment depend on each investor's individual circumstances and on tax laws that are subject to change; consult your own tax and legal advisors.
Tax-equivalent yield represents the pre-tax yield a fully taxable investment would need to generate in order to match the after-tax cash flow of this offering. It assumes that a portion of distributions is sheltered by depreciation and other deductions, and it depends entirely on each investor's individual tax bracket, state of residence, and holding structure. It is illustrative only and is not a projection of return. Cap rate equivalent is the implied capitalization rate (net operating income divided by purchase price) shown solely for comparison to direct real estate; it is not a distribution rate, a yield, or a measure of investor return.
This offering and all terms shown are subject to change, withdrawal, or cancellation at any time without notice, and availability is not guaranteed. Nothing on this page creates a commitment or reservation. An investment is confirmed only upon the sponsor's acceptance of fully executed subscription documents; no other communication, indication of interest, or reservation constitutes a binding investment.