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    Fairstead

    250 West 55th Street, 35th Floor
    New York, NY 10019
    (212)-798-4080
    Website
    [email protected]

    Fairstead is a fully-integrated real estate development firm specializing in the preservation of affordable, high-quality multifamily housing across the U.S.

    Fairstead Capital, Real Estate Salesperson
    152 West 57th Street, 36th Floor, New York, NY, (212) 957-9153
    ...
    Fairstead Capital, Real Estate Salesperson
    152 West 57th Street, 36th Floor, New York, NY, (212) 957-9153
    ...
    • Event Financing
    • Address 81 Saint Marks Place
    • Neighborhood East Village
    • Borough Manhattan
    • Square feet 18,570
    • Price $ 14,000,000
    • Publication Date 01/17/2020
    • Event Date 01/17/2020
    • Party 1 Fairstead
    • Party 2 Signature Bank
    notes
    The owner secured a loan of $14 million for the East Village property.
    • Event Financing
    • Address 680 Saint Nicholas Avenue
    • Neighborhood Central Harlem
    • Borough Manhattan
    • Price $ 46,400,000
    • Publication Date 01/10/2020
    • Event Date 01/07/2020
    • Party 1 Fairstead
    • Party 2 Capital One
    notes
    The owner secured a loan of $46.4 million for the Central Harlem property.
    • Event Financing
    • Address 5319 6th Avenue
    • Neighborhood Sunset Park
    • Borough Brooklyn
    • Price $ 50,000,000
    • Publication Date 12/13/2019
    • Event Date 12/10/2019
    • Party 1 Fairstead Capital Management, NYC Housing Partnership
    • Party 2 Suntrust Bank
    notes
    The lender issued a loan of $50 million for the Sunset Park portfolio.
    • Event Financing
    • Address 414 West 48th Street
    • Neighborhood Hell's Kitchen
    • Borough Manhattan
    • Price $ 32,900,000
    • Publication Date 08/30/2019
    • Event Date 08/27/2019
    • Party 1 Fairstead
    • Party 2 NYC Partnership Housing Development
    notes
    The buyer secured an acquisition loan of $32.9 million for the Hell's Kitchen property.
    • Event Sales
    • Address 417 East 83rd Street
    • Neighborhood Yorkville
    • Borough Manhattan
    • Square feet 16,572
    • Price $ 10,000,000
    notes
    The buyer acquired the Yorkville property for $10 million.
    • Event Sales
    • Address 244 East 57th Street
    • Neighborhood Midtown East
    • Borough Manhattan
    • Square feet 21,500
    • Price $ 14,100,000
    • Publication Date 10/15/2018
    • Event Date 10/09/2018
    • Party 1 Blackstone Group, Fairstead Capital
    • Party 2 Migdal6 Management 2010
    notes
    The buyer purchased the Midtown East property for $14.1 million.
    • Event Financing
    • Address 2802 Frederick Douglass Boulevard
    • Neighborhood Harlem
    • Borough Manhattan
    • Square feet 436,000
    • Price $ 85,000,000
    • Publication Date 08/06/2018
    • Event Date 07/31/2018
    • Party 1 Fairstead Capital
    • Party 2 AIG
    notes
    The lender issued a loan of $85 million for the Harlem property.
    • Event Sales
    • Address 312 East 85th Street
    • Neighborhood Yorkville
    • Borough Manhattan
    • Square feet 11,760
    • Price $ 10,750,000
    notes
    The buyer acquired the Caiola portfolio building in Sutton Place for $10.75 million.
    • Event Sales
    • Address 312-316 East 30th Street
    • Neighborhood Kips Bay
    • Borough Manhattan
    • Square feet 47,820
    • Price $ 52,000,000
    notes
    The multifamily property was sold for $52 million.
    • Event Office Leasing
    • Address 250 West 55th Street
    • Neighborhood Midtown West
    • Borough Manhattan
    • Square feet 15,050
    notes
    The real estate investment firm has signed a lease.
    • Event Sales
    • Address 1567 Lexington Avenue
    • Neighborhood East Harlem
    • Borough Manhattan
    • Square feet 712,571
    • Price $ 357,500,000
    notes
    The 47-building "Dawney Day Portfolio", compromised of 1,181 units, was sold for $357.7 million.
    • Event Sales
    • Address 92-94 Ludlow Street
    • Neighborhood Lower East Side
    • Borough Manhattan
    • Square feet 3,400
    • Price $ 9,000,000
    notes
    The commercial building was sold for $9 million.
    • Event Financing
    • Address 60 West 142nd Street, 620 Lenox Avenue, 630 Lenox Avenue
    • Neighborhood Central Harlem
    • Borough Manhattan
    • Square feet 3
    • Price $ 239,000,000
    • Publication Date 01/01/2017
    • Event Date 11/17/2016
    • Party 1 Capital One Multifamily Finance
    • Party 2 Fairstead Capital
    notes
    The company secured a $239 million for its multifamily properties.
    • Event Sales
    • Address 45 West 139th Street
    • Neighborhood East Harlem
    • Borough Manhattan
    • Price $ 315,000,000
    notes
    The multifamily residential building portfolio sold for $315 million.
    • Event Sales
    • Address 117 West 79th Street
    • Neighborhood Upper West Side
    • Borough Manhattan
    • Square feet 32,100
    • Price $ 22,500,000
    • Price per foot $ 700.00
    • Publication Date 08/01/2016
    • Event Date 06/17/2016
    • Party 1 David Beit, Larry Goldstein, Blake Augustus
    • Party 1 Brokerage Cushman & Wakefield
    • Party 1 Broker Robert Knakal, Paul Smadbeck, Jonathan Hageman
    • Party 2 Fairstead Capital
    • Party 2 Brokerage CBRE
    • Party 2 Broker Stephen Siegel
    notes
    The hotel sold for $22.5 million with plans for a multifamily residential conversion.
    Manhattan, 10026
    CPN OWNER LLC
    ...
    Manhattan, 10026
    CPN OWNER LLC
    ...

    07/01/2016
    Blackstone -â€' which owns more U.S. homes than any other firm in the country -â€' is now also well on its way to becoming the largest landlord in New York City. Founded by Stephen Schwarzman, the company made its largest splash here last year with its $5.4 billion joint-venture purchase of Stuy Town. Blackstone bought the 110-building, 11,250-unit apartment complex with the Canadian investment firm Ivanhoe Cambridge. And Blackstone has snapped up other residential properties as well, including the 24-building Caiola portfolio, which it bought in partnership with Fairstead Capital last summer for $700 million...

    11/01/2015
    Avital-Caplan, formerly of Eastern Consolidated, then met with Will Blodgett, a principal at Fairstead Capital, a family firm that owns $2.3 billion in New York City properties with more than 4,750 apartments...
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