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

Property Image
SOLD
$90,000,000

New York

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MultiFamily
Sold 10/25/2023
the dealdetailscomps
Property Image
SOLD

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

MultiFamily
Sold 10/25/2023
the dealdetailscomps

Summary

Asset Type:MultiFamily
Transaction Type:Sale

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.

Players

Fairfield Properties
Fairfield Properties
BUYER
BD
B2K Development
SELLER

Details

SOLD
IMAGE: Jan Burman DATE: 10/25/2023 ADDRESS: 500 Sutton Court MARKET: Deer Park ASSET TYPE: Multifamily BUYER: Fairfield Properties SELLER: Jan Burman- B2K Development BROKER: CBRE SALE PRICE: $90,000,000 UNITS: 200 ~ PPU: $450,000 NOTE: Fairfield Properties has acquired Sutton Landing at Deer Park, an age-restricted apartment property in Deer Park, New York, for $90 million, or $450,000 per unit.

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