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Fairstead Capital Acquires 1,790-Unit Savoy Park Apts in NYC

Central Harlem Multifamily Project Sold for $315M
By Justin Sumner
CoStar News
July 19, 2016 | 2:17 P.M.

An investment group led by L+M Development Partners, Savanna and Citigroup has sold the Savoy Park Apartments at 630 Lenox Ave. in New York, NY to Fairstead Capital for $315 million, or about $176,000 per unit.

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