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Fairstead Crown Plaza Apartments

Crown and Plaza Apartments Brooklyn, New York

Fairstead acquired Crown and Plaza Apartments in June 2015 as a part of a nine-property, 905-unit portfolio located throughout Manhattan and Brooklyn. After surveying residents, Fairstead developed a preservation plan that significantly improved the quality of the building and all of its apartments while being environmentally conscious and meeting the needs of the residents.

Fairstead’s preservation plan included community room renovation and reactivation, kitchen and bath renovations, installation of Energy Star appliances, low-flow water fixtures, LED lighting retrofit throughout the building, a new security system and UFAS accessibility upgrades. Individual in-unit renovations were streamlined to be completed in 5 -7 days with tenant-in-place. After renovations were completed, residents threw a surprise ribbon cutting ceremony for the Fairstead Management team and property manager, David Friedman, as a thank you for the team’s hard work and superior service.

Property renovations resulted in an estimated gas savings of 5% at Crown and 10% at Plaza, an estimated water savings of 60% at Crown and 40% at Plaza and an estimated electricity savings of 15% at each building.

Fairstead Management’s social services team forged partnerships with the local precinct Neighborhood Coordination Officers from Plaza and Crown Heights, resident association leaders, the local Community and Housing Coordinator and the local Congresswoman. The team also improved resident services in education, health awareness, employment services, assisted home care,  and curated targeted resident events including a Thanksgiving voucher giveaway and holiday toy drives.

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