Fairstead

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Fairstead portfolio

$800.3 million* – elevator 63%, walkup 23%; Manhattan 49%, Brooklyn 31%

75th largest portfolio by dollar value

6,973,680 sqft – elevator 65%, walkup 24%;

40th largest by SF

259 properties – Brooklyn 72%, Bronx 16%

23th 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: 2 for $165.7 million

Seller company: 2 for $145.2 million

Borrower company: 3 for $943 million

Top Ten Associated Companies:

Signature Bank (3), Merchants Capital (3), SunTrust Bank (2), Capital One (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:

Bianca Geary (2), Dee Anna Aday (1), Steven Sarkisian (1), Seth Levine (1), Simon D. Abeckaser (1), Gregory Fantauzzi (1), Chaim Lipschitz (1), Jonathan Gouveia (1), Brian Cheigh (1), Jeehae Lee (1)

Recent activity as company:

• Atlas Capital Group, Fairstead, Blackstone Group and Island Capital borrowed $272.7 million from Bridge Investment Group for 250 West 19th, 31 East 31st Street, 344 East 63rd Street, 451 East 83rd Street, 313 West 30th Street, and others, Chelsea, Manhattan on September 12, 2024.

• Fairstead sold 275 Park Avenue, Clinton Hill, Brooklyn for $58.5 million to Thor Equities on August 15, 2024.

• Fairstead borrowed $38.8 million from Merchants Capital for 117 West 79th Street, Upper West Side, Manhattan on June 03, 2024.

• BRP Companies, Fairstead and Urbane borrowed $631.5 million from Merchants Capital and NYC Housing Development Corporation for 710 East New York Avenue, 1448 Utica Avenue, 619 Howard Avenue, 2041 Pacific Street, 25 Tapscott Street, and others, East Flatbush, Brooklyn on December 14, 2023.

• New York City Housing Authority sold 710 East New York Avenue, 1448 Utica Avenue, 619 Howard Avenue, 2041 Pacific Street, 25 Tapscott Street, and others, East Flatbush, Brooklyn for $23.3 million to BRP Companies, Fairstead and Urbane on December 14, 2023.

• Blackstone Group sold 238 West 19th Street, 31 East 31st Street, 449 East 83rd Street, 313 West 30th Street, 345 West 30th Street, and others, Chelsea, Manhattan for $142.4 million to Atlas Capital Group, Fairstead and Blackstone Group on August 25, 2023.

• Fairstead sold 2802 Fredrick Douglass Bl, Harlem, Manhattan for $86.8 million to Isaac Herskovitz on June 20, 2023.

• Fairstead borrowed $247.3 million from NewPoint Real Estate Capital for 30 West 141st Street, 15 West 139th Street, 2300 5th Avenue, 620 Lenox Avenue, 630 Lenox Avenue, and others, Harlem, Manhattan on December 20, 2022.

• Fairstead borrowed $5.3 million from Signature Bank for 729 Avenue Of The Amer, Chelsea, Manhattan on September 02, 2022.

• Gary Charles Kasakian estate and Steven Sarkisian sold 729 Avenue Of The Amer, Chelsea, Manhattan for $10.2 million to Fairstead on September 02, 2022.