The Preserve in Coram, NY
NEW YORK CITY—As the New York City housing crisis continues, interest is growing in suburban properties. CRE owner and developer Fairfield Properties, headquartered in Melville, NY, owned Fairfield Courtyard, a 232-apartment workforce complex located at 35 Penataquit Ave. in Bay Shore, NY. They sold the property to Eagle Rock, a real estate firm located in Plainview, NY. A source with information on the deal tells GlobeSt.com that the price was approximately $58 million.
CBRE’s Jeffrey Dunne, Gene Pride and Eric Apfel represented Fairfield 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.
