Fairstead Capital | The Real Deal New York

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Fairstead Capital

152 West 57th Street, 36th Floor
New York, NY 10019
(212) 957-9153
Website
info@fairsteadcapital.com

Fairstead Capital is a real estate investor and operator specializing in multifamily housing. Fairstead owns over 6,000 market-rate, work-force and affordable rental units across the U.S.

Stephen Siegel, a top broker at commercial firm CBRE, is a principal.


03/21/18
...Parkoff Organization, the Scharfman Organization, Rudd Realty and Fairstead Capital. The nonprofit, along with Councilmember Ritchie Torres, recently announced an investigation into Kushner Companies...

03/02/18
...Blackstone Group, A&E Real Estate Holdings, Fairstead Capital, Vanbarton Group, Treetop Development, Akelius Real Estate Management and Emerald Equity Group. There are...

02/08/18
...a major real estate investor through his firm Fairstead Capital. The white-jacketed roasters/toasters – a who’s who of commercial real estate including Jonathan...

02/05/18
...Partners, SJP Properties, Ariel Advisors, MackCali, Paul Massey, Fairstead Capital, Solow Realty, Greenberg Traurig, Savills Studley and L&L Holding. Also in attendance...

01/29/18
...City investment sales last week, Blackstone Group and Fairstead Capital sold another Caiola portfolio building and Chris Xu bought a commercial building in Elmhurst...

01/25/18
...the year took place in Sunset Park, with Fairstead Capital’s roughly $100 million purchase of a 32-building portfolio of Section 8 housing. And Queens wasn...

11/21/17
...rental buildings in Sunset Park in June to Fairstead Capital for about $100 million...

10/17/17
...s $850 million pending purchase of Starrett City and Fairstead Capital’s roughly $100 million purchase of 42 buildings in Sunset Park...

08/30/17
...community facility taking up 7,600 square feet, filings show. Fairstead Capital scooped up an affordable housing portfolio spanning 42 buildings in the neighborhood in June, and...

08/07/17
...Siegel and 266 East 78th Street Blackstone Group and Fairstead Capital are looking to sell a chunk of the 24-building Caiola portfolio in Manhattan, with...

07/18/17
...deal, and the only one over $100 million, was Fairstead Capital’s purchase of a 42-building affordable-housing portfolio in Sunset Park from E&M...

06/16/17
...th Street in Sunset Park (inset: Stephen Siegel)  Fairstead Capital picked up a 42-building affordable housing portfolio in Sunset Park from Irving Langer’s...

06/05/17
...recently bought two buildings from Blackstone Group and Fairstead Capital; an 18-story rental at 312 East 30th Street for $52 million and a 10-story building at...

05/05/17
...Savoy Park rent-stabilized apartment complex in Harlem to Fairstead Capital for $315 million. Studley has added more muscle to its investment-sales team in recent months...

04/27/17
...Manhattan for about $780 million, which Blackstone Group and Fairstead Capital acquired later that year for $690 million. In March, TRD revealed that Gary Cohn, the...

04/20/17
...-unit building in Kips Bay. Blackstone Group and Fairstead Capital sold the the 18-story building at 312 East 30th Street to Adam and Aaron Daniel...

...sources said A&E outbid multifamily heavyweights Fairstead Capital and Larry Gluck’s Stellar Management. “For these big portfolios, they’d have to...

02/22/17
...and Adam and Aaron Daniels Blackstone Group and Fairstead Capital quietly sold an 18-story Kips Bay rental building to Adam and Aaron Daniels’ A...

02/09/17
...the 47-building Dawnay Day portfolio in East Harlem. Fairstead Capital’s purchase of the 1,790-unit rent-stabilized Savoy Park in Central Harlem for $315 million came...

12/16/16
...largest multifamily deals of the year. In May, Fairstead Capital and Galil Management, an affiliate of E+M Associates, entered contract to sell the...

12/08/16
...multifamily portfolio purchases, Blackstone has sought a partner – Fairstead Capital for the Caiola portfolio and Ivanhoe Cambridge for Stuy Town, for example. But sources...

12/07/16
...In August, tenants at 207 Central Park North sued Fairstead Capital, alleging that the landlord "engaged in a fraudulent" scheme by raising their rents to...

12/02/16
...the priciest multifamily trades of the past year. Fairstead Capital closed on the $315 million purchase of Savoy Park in July. Two other large deals...

10/05/16
...active multifamily lenders.  In July, the bank financed Fairstead Capital’s $315 million acquisition of the Harlem housing complex Savoy Park with a $238.9 million Freddie...

09/21/16
...of sales totaled 109 in July, down from 142 year-over-year. Fairstead Capital’s purchase of Savoy Park for $315 million was the month’s largest multifamily deal...
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
...
Fairstead Capital, Real Estate Salesperson
152 West 57th Street, 36th Floor, New York, NY, (212) 957-9153
...
CBRE, Global Brokerage Chair
200 Park Avenue, Floors 19-22, New York, NY, (212) 984-8100
Stephen Barry Siegel is the global brokerage chair of CB Richard Ellis. He...
  • 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 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 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 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
notes
The hotel sold for $22.5 million with plans for a multifamily residential conversion.
  • 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.
Manhattan, 10026
CPN OWNER LLC
...
Manhattan, 10026
CPN OWNER LLC
...

...Caiola portfolio, which it bought in partnership with Fairstead Capital last summer for $700 million. Blackstone’s co-head of U.S. acquisitions, Nadeem Meghji, told...

...have,” he said. Caiola portfolio Price: $690 million Buyers: Fairstead Capital & Blackstone Group Date: September 2015    Part of selling involves saying goodbye. After legendary building...
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