Fairstead
Fairstead portfolio
$800.3 million – elevator 63%, walkup 23%; Manhattan 49%, Brooklyn 31%
72th largest portfolio by dollar value
6,973,680 sqft – elevator 65%, walkup 24%;
37th largest by SF
259 properties – Brooklyn 72%, Bronx 16%
20th largest
7,520 residential units – Manhattan 38%, Brooklyn 31%
18th largest by residential units
0 foreclosures, 0 bankruptcies, 3 other court cases.
Company Activity past 24 months:
Buyer company: 0 for $0
Seller company: 2 for $145.2 million
Borrower company: 1 for $38.8 million
Lender company: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Signature Bank (3), SunTrust Bank (2), Capital One (2), Merchants Capital (2), NewPoint Real Estate Capital (1), Gary Charles Kasakian estate (1), Steven Sarkisian (1), Frank Alessio (1), Seth Levine (1), Simon D. Abeckaser (1)
Top Ten Associated People:
Dee Anna Aday (1), Steven Sarkisian (1), Seth Levine (1), Simon D. Abeckaser (1), Gregory Fantauzzi (1), Chaim Lipschitz (1), Bianca Geary (1), Morris Missry (1), Michael Greeberg (1), Tucker Shane (1)
Latest Stories:
• Fairstead signs $38.8M refi loan with Merchants Capital on Upper West Side (June 04, 2024)
• Isaac Herskovitz pays $86.75M for Fairstead’s 538-unit property in Harlem (June 21, 2023)
• Buyer files bankruptcy to preserve $92.5M purchase from Fairstead in Harlem (February 22, 2023)
• Fairstead signs $247.3M refi with NewPoint for 3,344-unit Harlem complex (December 21, 2022)
• Fairstead pays $10.2M for 4-unit mixed-use in Chelsea (September 06, 2022)
• Davean Holdings pays $18.5M to Fairstead for residential walkup in East Village (August 23, 2022)
• Fairstead pays $10.8M for 6-unit mixed-use in Chelsea (August 22, 2022)
Litigation: