Fairfield Properties Acquires Sutton Landing At Deer Park Multifamily For $90M

Fairfield Properties has acquired Sutton Landing at Deer Park, an age-restricted apartment property located at 500 Sutton Court in Deer Park, New York. The property was sold by Jan Burman of B2K Development for a total of $90 million, or $450,000 per unit.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $90,000,000
• Units: 200
• Price Per Unit: $450,000

The transaction was facilitated by CBRE, serving as the broker for the deal.

It is worth noting that Fairfield Properties has added Sutton Landing at Deer Park to its real estate portfolio, expanding its presence in the multifamily market.