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These are NYC’s biggest rental landlords
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These are NYC’s biggest rental landlords

Blackstone extends lead with big Queens play
By Kevin Sun | December 24, 2018 05:00PM

3) LeFrak Organization
Estimated holdings: 12,111 units across 85 buildings

Headed by one of the few people Donald Trump has referred to as a “best friend,” Richard LeFrak, the LeFrak Organization has been a force in the New York rental world for generations. Richard’s father, Samuel, was one of Fred Trump’s biggest competitors when it came to building apartments across the city.

The organization’s most prominent properties include the eponymous LeFrak City in Queens, which spans 19 buildings totaling 4,392 units alongside the Long Island Expressway, and the six-building, 1,712-unit Gateway Plaza complex in Battery Park City.

Much like Cammeby’s, with whom the organization is neck and neck in our rankings, the LeFrak Organization is going through a bit of a generational transition. LeFrak’s sons Harry and Jamie have started hiring brand-name architects and moving into upscale development, though rental remains the company’s focus.

Outside of the city, LeFrak is currently undertaking a major development at the Newport site in Jersey City, as well as the mixed-use SoLe Mia project in Miami.

https://therealdeal.com/2018/12/24/the ... biggest-rental-landlords/


Posted on: 12/25 14:42
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