Jeffrey Goldberg

Ceo

Fairstead

LinkedIn

Fairstead NYC portfolio

$4.3 billion* – elevator 60.0%, walkup 33.0%; Brooklyn 56.0%, Manhattan 33.0%

38th largest portfolio by dollar value

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

35th largest by SF

259 properties – Brooklyn 72%, Bronx 16%

22th largest

7,520 residential units – Manhattan 38%, Brooklyn 31%

18th largest by residential units

0 foreclosures, 0 bankruptcies, 3 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $23.3 million

Seller signatory: 2 for $145.2 million

Borrower signatory: 2 for $670.3 million

Top Ten Associated Companies:

Signature Bank (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), Isaac Herskovitz (1), New York City Housing Authority (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), Morris Missry (1)

Recent activity as company:

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.

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.

Fairstead sold 81 St Marks Place, East Village, Manhattan for $18.5 million to Meadow Partners and Davean Holdings on August 22, 2022.

Fairstead borrowed $5.3 million from Signature Bank for 725 6th Avenue, Chelsea, Manhattan on August 19, 2022.

Latest Stories:

• Meadow Partners signs $96M refi with Hudson Bay Capital for 15 properties in NYC (November 08, 2024)

• Thor Equities pays $58.5M to Fairstead for 75-unit rental in Clinton Hill, gets $43M loan (August 16, 2024)

• Fairstead signs $38.8M refi loan with Merchants Capital on Upper West Side (June 04, 2024)

• BRP, Fairstead, Urbane sign $23.3M ground lease, get $635.6M loan to rehab NYCHA units (December 15, 2023)

• 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)

• Meadow Partners, Davean sign $48.8M acquisition loan with Fortress for five properties in East Village (September 01, 2022)

• Davean Holdings pays $18.5M to Fairstead for residential walkup in East Village (August 23, 2022)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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