Fairfield Properties Acquires 260-Unit Multifamily In Suffolk County For $104.9M

The property involved in this transaction is a multifamily asset located at 75 E. Hoffman Ave. in Suffolk County. The property consists of 260 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $104,930,000
• Date: 04/20/2022
• Market: Suffolk County
• Lender: Freddie Mac Multifamily
• Landlord: Fairfield Properties
• Brokers: Thomas E. Didio Jr., Gerard Quinn & Salvatore Buzzerio - JLL

The loan for this acquisition was obtained from Freddie Mac Multifamily. Fairfield Properties serves as the landlord for the property. The brokers involved in the deal are Thomas E. Didio Jr., Gerard Quinn, and Salvatore Buzzerio from JLL. The loan amount is $104,930,000, and it is a 15.5-year, fixed-rate loan.