ThePreserve in Coram, NY
NEW YORK CITY—As the New York City housing crisis continues,interest is growing in suburban properties. CRE owner and developerFairfield Properties, headquartered in Melville, NY, ownedFairfield Courtyard, a 232-apartment workforce complex located at35 Penataquit Ave. in Bay Shore, NY. They sold the property toEagle Rock, a real estate firm located in Plainview, NY. A sourcewith information on the deal tells GlobeSt.com that the price wasapproximately $58 million.
CBRE’s Jeffrey Dunne, Gene Pride and Eric Apfel representedFairfield Properties, and also procured the buyer, Eagle Rock.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
