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300 Sutton Court

Updated Oct 15, 2026

Fairfield Properties Acquires MultiFamily Property In Mount Sinai For $118M
SOLDMultiFamily

Fairfield Properties Acquires MultiFamily Property In Mount Sinai For $118M

300 Sutton Court

$118,000,000

Units

225

Asset Type

MultiFamily

Closing

Dec 6, 2023

About this deal

AI

Fairfield Properties has acquired Sutton Landing At Mount Sinai, a 225-unit age-restricted apartment property in Deer Park, Long Island. The property is located at 300 Sutton Court in Mount Sinai. The sale took place on December 6, 2023, for a total price of $118,000,000. The per-unit cost of the property is $524,444.

Summary of transaction details

Michael Broxmeyer, representing Fairfield Properties, purchased Sutton Landing At Mount Sinai from Steven Krieger, who represents B2K Development, in this closed transaction. The property is an age-restricted apartment complex consisting of 225 units. The acquisition was made for a total price of $118 million, with each unit costing approximately $524,444. Both parties finalized the deal on December 6, 2023.

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$118,000,000

MultiFamily

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Players

Michael Broxmeyer

Fairfield Residential

Broker

$182.3M

vol

4 deals

Broker

Michael Broxmeyer

Fairfield Properties

Buyer

$182.3M

vol

4 deals

Buyer
Fairfield Properties
Fairfield PropertiesBuyer

Steven Krieger

B2K Development

Seller

$718M

vol

2 deals

Seller
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Mount Sinai MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $524.4K per unit across 225 units on a published $118M (2023).

Visit Michael Broxmeyer to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.13%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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