Fairstead | The Real Deal New York

The Real Deal New York

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Fairstead

250 West 55th Street, 35th Floor
New York, NY 10019
(212)-798-4080
Website
contact@fairstead.com

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


01/24/19
...Group bought the 47-building Dawnay Day portfolio from Fairstead Capital and E&M Associates in 2016 for about $358 million, with a $300 million acquisition...

12/24/18
Nearly two-thirds of New Yorkers are renters, and the more than 2 million rental units they inhabit are owned by a wide variety of entities,...

11/28/18
...City investment sales last week, Blackstone Group and Fairstead Capital sold another piece of the Caiola portfolio and Highpoint bought three apartment buildings...

10/09/18
...investment sales last week, the Blackstone Group and Fairstead Capital sold another piece of the Caiola portfolio and Ved Parkash acquired a Bronx...

08/16/18
...-- 24 buildings with 979 units in Manhattan -- to Fairstead Capital and the Blackstone Group in 2015 for $690 million. – Rich Bockmann  ...

07/31/18
...and Stephen Siegel (Credit: Google Maps and CBRE) Fairstead Capital landed an $85 million loan for a massive apartment complex in Harlem. The lender...

07/06/18
...Street (Credit: Blackstone and Apartments) Blackstone Group and Fairstead Capital sold a trio of Upper East Side apartment buildings for $31 million – part of...

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...

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...

02/22/18
After winning an assignment last summer for an outer-borough multifamily package, Aaron Jungreis jogged his memory for potential buyers. “You always go to that top...

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...

02/05/18
...City investment sales last week, Blackstone Group and Fairstead  Capital offloaded another property from the Caoila portfolio, and Castellan Real Estate Partners sold...

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...

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...

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...

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...

08/07/17
...From left: 344 East 63rd Street, Blackstone's Jonathan Gray, Fairstead...

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&...

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...

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...

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...

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...

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...
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 417 East 83rd Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 16,572
  • Price $ 10,000,000
  • Publication Date 12/03/2018
  • Event Date 11/28/2018
  • Party 1 Blackstone Group, Fairstead Capital
  • Party 2 Haimof Group
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
  • Publication Date 12/18/2017
  • Event Date 12/13/2017
  • Party 1 Blackstone Group, Fairstead
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
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
...

...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...

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