Fairfield Properties Buys Rental Complex in Mount Sinai
Fairfield Properties has acquired Sutton Landing, a 225-unit adult community in Mount Sinai, New York from B2K Development and Harrison Street. This marks the second property in a 425-unit portfolio.
Designed for residents aged 55 and above, Sutton Landing at Mount Sinai offers garden-style apartments and single-story single-family rentals with amenities including a two-story resident clubhouse, fitness center, and outdoor pool.
CBRE represented the seller and procured the buyer with a team led by Jeff Dunne, Eric Apfel, Aron Will, John Sweeny and Scott Bray. CBRE also arranged the financing of the transaction via its Freddie Mac Optigo Lending Platform with a team led by Shawn Rosenthal, Jason Gaccione, Jake Salkovitz, Aron Will, Matthew Kuronen, and Michael Cregan.
Emily Fu is Content Director of Connect Commercial Real Estate, where she covers the east coast markets, including New York, Boston & New England, and DC & Mid-Atlantic markets. She produces daily news stories as well as longer-form content, ranging from Q&As to thought-leadership pieces. She also writes feature stories for Connect Money.
With previous stints at Reuters, Seeking Alpha, and Commercial Observer, Emily has covered the finance side of the commercial real estate industry, technology, media, telecom (TMT), and fashion. She attended the Columbia Graduate School of Journalism and currently resides in Manhattan.