What Fetner does

Fetner Properties is a privately held, family-owned real estate development and management company founded in 1958 (originally as Sidney Fetner Associates) and headquartered at 780 Third Avenue in New York City. The company develops, owns, and manages luxury high-rise residential and mixed-use properties across Manhattan and Long Island City, with a portfolio exceeding 3,000 units across completed projects including The Epic (458 units), The Victory (419 units), EŌS (375 units), Via 57 West (709 units), 1214 Fifth Avenue (229 units), and 345 E 94 (208 units). Fetner also develops condominium properties (1212 Fifth Avenue, 1280 Fifth Avenue, 90 East End Avenue, 10101 Grosvenor) and operates mixed-use developments that integrate residential, commercial office, ground-floor retail, and institutional nonprofit tenants including the American Cancer Society and Franciscans of the Holy Name Province.

The company's business model generates revenue through four primary streams: recurring monthly residential rental income, commercial and retail lease income from anchor tenants (Nike, Nordstrom Rack, American Cancer Society), one-time condominium sales, and full-service property management for both owned and joint-venture assets. Fetner has demonstrated specialized expertise in sustainable construction, achieving LEED Gold certification on multiple properties including the first renovated building in NYC to receive this designation (1212 Fifth Avenue). Hal Fetner, the third-generation CEO since 1988, leads a senior team that includes COO Damon Pazzaglini (1,000+ units of 80/20 rental housing built since 1999), CFO Eric Ricciardi, EVP Randi Fetner Sherman, and acquisitions personnel drawn from CBRE and Eastdil Secured.

Go-to-market operates through a direct-to-consumer leasing team supported by property-specific microsites and the company website, targeting luxury urban residential renters with no-fee, pet-friendly positioning. Commercial leasing targets institutional tenants through enterprise-level real estate development, while condominium sales target affluent buyers seeking luxury pre-war and new-construction residences. Strategic capital partners include Empire State Realty Trust (The Victory and 345 E 94, December 2021) and Lions Group via the American Lions joint venture (The Italic in Long Island City), enabling risk sharing on large mixed-use developments.

Name

Fetner

Legal name

Fetner Properties, Inc.

Website

https://fetner.com

Company type

Private

Founded year

1958

Operating status

Operating

Headcount range

51–100 employees

Short description

Fetner Properties is a privately held, third-generation family-owned real estate developer and manager that builds and operates luxury high-rise residential and mixed-use properties across New York City, with a 3,000+ unit portfolio spanning Manhattan and Long Island City.

Ownership category

akta.pro rank

Product category

Luxury Residential Real Estate

NAICS

Rental and Leasing Services (532)

SIC

Real Estate Investment Trusts (6798), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Single-Family Rental (SFR) Property Management (BPAJAFAB)

Keywords

• Luxury high-rise apartments
• Real estate development
• Property management
• Condominium sales
• Residential leasing

Headquarters

HQ city

New City

HQ country

United States

HQ region

North America

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Residential Rental Income: Monthly rental income from luxury apartment units across multiple NYC properties including The Epic (458 units), The Victory (419 units), 345 E 94 (208 units), EŌS (375 units), Via 57 West (709 units), and 1214 Fifth Avenue (229 units). Revenue generated through tenant rent payments on market-rate and affordable units.
2. Property Development and Sales: Condominium development and sales including 1212 Fifth Avenue (58 units, sold out in 2012), 1280 Fifth Avenue (114 units), 90 East End Avenue (65 units), and 10101 Grosvenor in Maryland. Mixed-use developments combining residential with commercial/office space.
3. Commercial Tenant Leasing: Ground-floor retail and commercial office space leasing within mixed-use developments, including the 77,000 sq ft American Cancer Society headquarters, 122,000 sq ft Nike office space, and 49,000 sq ft Nordstrom Rack retail at EŌS.
4. Property Management Services: Full-service property management including leasing, maintenance, and operations for owned and third-party properties. The Italic and other projects list Fetner as Developer/Owner/Manager.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

Fetner Properties develops, owns, and operates luxury high-rise residential apartment and condominium properties in New York City. The company serves as developer, owner, and property manager across a portfolio of more than 3,000 units, offering no-fee, pet-friendly luxury rentals and condominium sales through direct leasing, on-site management, and online applications.

Product overview

Fetner is a luxury high-rise apartment and condo property management and development company serving New York City. The company operates a portfolio of residential rental and condominium properties, including The Epic, The Victory, 345 E 94, EŌS, Via 57 West, and 1214 Fifth Avenue (rental properties), as well as 1212 Fifth Avenue, 90 East End Avenue, 1280 Fifth Avenue, and 10101 Grosvenor (condo properties). The Italic is a new rental development currently under construction. All properties offer luxury amenities, condo-like finishes, and range from studios to three-bedroom units. Fetner serves as developer, owner, and/or manager across the portfolio, with properties featuring amenities such as fitness centers, rooftop terraces, concierge services, and pet-friendly policies.

Differentiator

Problem solved

Functional benefit

Products and services

• The Epic Mixed-use LEED Gold-certified luxury rental building with 458 units in Midtown Manhattan, integrating the American Cancer Society headquarters and a Franciscan friary. Targets luxury renters in NYC.
• The Victory Mixed-use residential building with 419 units and 18,431 sq. ft. of ground-floor retail space. Targets luxury renters in NYC.
• 345 E 94 Residential building with 208 units and first-floor retail leased to Kids Club. Targets NYC renters.
• E\u014cS Residential tower of 375 units atop a commercial base including approximately 122,000 sq. ft. of office space for Nike and 49,000 sq. ft. of retail for Nordstrom Rack. Targets NYC renters.
• Via 57 West Mixed-use residential building designed by Bjarke Ingels with 709 units, 45,000 sq. ft. of retail space, and sustainable design. Targets NYC luxury renters.
• 1214 Fifth Avenue 42-story LEED Gold certified residential tower with 229 luxury homes and medical office space on lower floors. Targets NYC luxury renters.
• 1212 Fifth Avenue Pre-war renovated luxury condominium with 58 units; the first renovated building in NYC to receive LEED Gold certification (sold out in 2012). Targets affluent Manhattan condominium buyers.
• 90 East End Avenue Luxury residential building with 65 units and 2,000 sq. ft. of professional space, designed by Costas Kondylis. Targets affluent Manhattan condominium buyers.
• 1280 Fifth Avenue Luxury condominium with 114 units designed by Robert A.M. Stern with interiors by Andre Kikoski, located along Central Park. Targets affluent Manhattan condominium buyers.
• 10101 Grosvenor Luxury condominium building (also known as TenTenOne) in Rockville, Maryland. Targets affluent condominium buyers in the greater Washington, D.C. area.
• The Italic 49-story residential tower at 26-32 Jackson Avenue in Long Island City, Queens, with 363 rental residences and shared amenity package with The Bold. Targets NYC renters seeking luxury residences in Queens.

Quantifiable outcome

• 458 luxury rental units at The Epic with 100% occupancy
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Lions GroupcoreStrategic or Co-development PartnerJoint venture partner (American Lions JV) for The Italic, a 50-story, 363-unit residential tower in Long Island City. Fetner Properties and Lions Group developed this project together as co-developers.
• American Cancer SocietycoreOthersMajor institutional tenant in The Epic building with 77,000 sq ft Eastern Region headquarters and 70-unit Hope Lodge (free extended-stay hotel for cancer patients and caretakers).
• Franciscans of the Holy Name ProvincecoreOthersReligious institution tenant occupying 40,000 sq ft office and residential facility (Friary) within The Epic mixed-use development.
• NikemajorOthersMajor commercial tenant at EŌS building with approximately 122,000 sq ft of office space on upper floors.
• Asphalt GreenminorOthersNonprofit organization where COO Damon Pazzaglini serves as board member. Community-based fitness and sports facility.
• CBREminorChannel Partner/ Reseller/ DistributorCommercial real estate brokerage where Alex Fetner worked as VP in Investment Properties before joining Fetner. Over $5B in transactions executed.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Gotham Organization: NYC-focused multifamily developer and operator with a luxury rental portfolio across Manhattan, including ground-up and conversion developments. Closest comparable to Fetner in product type, geography, and private operating model.
• TF Cornerstone: Long Island City-based residential developer with a large NYC multifamily portfolio, including ground-up luxury towers in Long Island City and Manhattan. Directly comparable as a NYC-focused, large-unit residential developer.
• The Durst Organization: Family-owned NYC real estate developer and owner of office, residential, and mixed-use assets. Comparable to Fetner as a multi-generational, privately-held NYC developer with sustainability credentials and mixed-use expertise.
• Two Trees Management: Brooklyn-based developer with major NYC residential projects including Domino in Brooklyn and Manhattan rental towers. Comparable private NYC residential developer focused on large-scale ground-up multifamily.
• BFC Partners: NYC-based developer specializing in mixed-income, mixed-use residential developments including affordable and market-rate rental housing. Comparable private NYC developer with overlap on 80/20 housing programs and mixed-use expertise.

Broad incumbents

• Related Companies: Large diversified NYC real estate developer with extensive residential (Hudson Yards, affordable housing via Related Affordable), office, and mixed-use assets. Operates at greater scale and broader scope than Fetner but overlaps on luxury multifamily.
• Silverstein Properties: Major NYC developer known for office towers (World Trade Center) with growing residential portfolio. Comparable as a NYC mixed-use developer with overlap on residential product.
• Equity Residential: Public multifamily REIT with a major NYC/Manhattan portfolio of luxury and Class A rental apartments. Comparable on NYC luxury multifamily product but operates at institutional scale with public-market capital access.
• AvalonBay Communities: Public multifamily REIT operating Class A apartment communities across major US metros including NYC. Comparable on luxury multifamily product and asset class but at much larger institutional scale.
• Vornado Realty Trust: NYC-focused REIT with concentrated Manhattan office and select residential holdings. Comparable NYC real estate operator at scale, though primarily office-focused with select multifamily exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fetner