Fairfield Acquires Multifamily In East Village For $106M

Located in East Village, the multifamily property at 895 Park Blvd. has recently been sold in a transaction facilitated by Darcy Miramontes and Kip Malo from JLL. The property was acquired by Fairfield from Lowe, represented by Mike McNerney and LaSalle Investment Management. The sale, which took place on April 7, 2022, amounted to a total of $106,000,000.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $106,000,000
• Address: 895 Park Blvd.
• Market: East Village
• Buyer: Fairfield
• Seller: Lowe - Mike McNerney & LaSalle Investment Management
• Brokers: Darcy Miramontes & Kip Malo - JLL

The property consists of 295 units, with an average price per unit of $359,322.