What Fairfield Properties does

Fairfield Properties is a family-owned, privately held real estate management company headquartered in Melville, New York, that owns, develops, and operates residential and commercial real estate concentrated on Long Island. The firm's core business is a portfolio of 150+ apartment communities spanning garden apartments, townhouses, over-55 active adult communities, and luxury rental residences across Nassau County, Suffolk County, and Queens, marketed under sub-brands such as Fairfield Tudor, Fairfield Manor, Fairfield Gables, Fairfield Metro, Fairfield Maples, and Fairfield Victorian. Beyond residential rentals, Fairfield provides professional management services for co-operatives, condominiums, homeowner associations, and commercial office buildings, including its own Fairfield Corporate Center at 538 Broadhollow Road.

Revenue is generated primarily through recurring monthly rental income from residential leases (typically 12 or 24-month terms with optional month-to-month renewal), supplemented by ancillary management fees from co-op, condo, and HOA portfolios, and commercial rents. Pricing varies materially by unit type and sub-market, with sampled units ranging from approximately $2,015 per month for a studio to $4,470 per month for a three-bedroom townhouse; security deposits and pet fees are standardized. The go-to-market model is direct-to-consumer via property-specific leasing offices and the company website, with no third-party brokerage or reseller channel. Distribution is reinforced by a $7 million, 15-year naming rights agreement for the Long Island Ducks ballpark in Suffolk County.

The company supplements its real estate operations with a wholly-owned insurance subsidiary, Fairfield Community Coverage LLC, which offers personal and commercial insurance on Long Island. Its largest disclosed capital deployment was the March 2019 acquisition of seven apartment complexes totaling 1,496 multifamily units in Nassau and Suffolk counties for $472.5 million, the most significant portfolio expansion on record. There are no indications of venture, growth, or institutional equity backing, no public listing, and no disclosed AI or proprietary technology stack beyond standard property-management web infrastructure.

Name

Fairfield Properties

Legal name

Fairfield Properties

Website

https://fairfieldproperties.com

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

51–100 employees

Short description

Fairfield Properties is a family-owned, Melville, NY-based real estate operator that owns and manages 150+ apartment communities plus co-op, condo, HOA, and office properties across Nassau, Suffolk, and Queens counties on Long Island.

Ownership category

akta.pro rank

Product category

Residential Real Estate / Property Management

NAICS

Residential Property Managers (531311), Nonresidential Property Managers (531312), Real Estate Property Managers (53131), Lessors of Real Estate (5311)

SIC

Operators Of Apartment Buildings (6513), Real Estate Agents & Managers (For Others) (6531), Operators Of Nonresidential Buildings (6512), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

akta.pro secondary industries

HOA / Condominium Association Management (BPAJAFAH), Office Property Management (BPAJAGAA), Senior Living Property Management (BPAJAGAI)

Keywords

• Residential rental properties
• Apartment community leasing
• Property management services
• Townhouse rentals
• Condo co-op management

Headquarters

HQ city

Melville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Rental Income: Revenue generated from monthly rental payments from tenants across apartment communities, townhouses, and residential properties in Long Island. Income is recurring in nature with month-to-month lease renewals and standard 12 or 24-month lease terms.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Fairfield Properties owns, develops, and manages a portfolio of over 150 residential rental apartment communities, townhouses, and luxury residences across Long Island's Nassau, Suffolk, and Queens counties. The company also provides professional property management services for cooperatives, condominiums, homeowner associations, and commercial office properties. Revenue is primarily generated through monthly rental income from tenants leasing units within its owned and managed communities.

Product overview

Fairfield Properties operates as a family-owned real estate management company offering a portfolio of residential and commercial properties across Long Island. The company provides three core service lines: Apartment Communities (rental residential properties spanning garden apartments, townhouses, over-55 living communities, and luxury residences across Nassau, Suffolk, and Queens counties); Office Buildings (commercial office complexes including the Fairfield Corporate Center); and Managed Properties services (Co-Op, Condo, and HOA management with over 40 years of industry experience). The company manages hundreds of individual apartment community properties under various brand names including Fairfield Courtyard, Fairfield Estates, Fairfield Gables, Fairfield Knolls, Fairfield Manor, Fairfield Maples, Fairfield Metro, Fairfield Townhouses, Fairfield Tudor, and Fairfield Victorian.

Differentiator

Problem solved

Functional benefit

Products and services

• Apartment Communities Residential rental apartment communities across Nassau, Suffolk, and Queens counties in Long Island, featuring various property types including garden apartments, townhouses, over-55 active adult living communities, and luxury residences. Targeted at individuals and families seeking rental housing on Long Island.
• Office Buildings Commercial office space properties managed by Fairfield Properties, including the Fairfield Corporate Center at 538 Broadhollow Road in Melville. Serves commercial tenants seeking office space on Long Island.
• Managed Properties (Co-Op, Condo, HOA Management) Professional third-party management services for cooperatives, condominiums, and homeowner associations. Targeted at community boards, condo associations, and HOAs seeking experienced property management on Long Island.
• Fairfield Community Coverage (Insurance Agency) Full-service independent insurance agency offering personal and commercial insurance programs through wholly-owned subsidiary Fairfield Community Coverage LLC. Serves Long Island residents and businesses seeking personal or commercial insurance coverage.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Long Island DucksminorGTM or Marketing Partner · 1 September 2020Naming rights partnership agreement for the ballpark (formerly Bethpage Ballpark). Fairfield Properties secured naming rights for $7 million over 15 years, including branding on the ballpark and approximately 50 roadway directional signs throughout Suffolk County. The Long Island Ducks are an Atlantic League professional baseball team.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Kushner Companies: Kushner Companies operates a large multifamily rental portfolio in the NY/NJ metro, including family-owned/privately held operating companies such as Westminster. Comparable to Fairfield in regional multifamily ownership and operation with similar operating scale.
• FirstService Residential: FirstService Residential is the largest residential property manager in North America, providing third-party management for condos, co-ops, and HOAs. Directly comparable to Fairfield's Managed Properties business line (Co-Op, Condo, HOA management), though FirstService is third-party whereas Fairfield is mixed ownership and management.
• Veris Residential: Veris Residential is a multifamily owner/operator concentrated in the NY/NJ metro (including Long Island-adjacent markets). Closely aligned business model — own/operate Class A multifamily in the same regional corridor — making it the most direct publicly traded comparable.
• Garden Communities / The Garden Communities: Garden Communities is a Long Island / NY-metro focused multifamily owner-operator with comparable scale and similar family/privately-held orientation. Directly competes with Fairfield in the same regional market with similar product (apartment communities on Long Island).

Broad incumbents

• AvalonBay Communities: AvalonBay is a publicly traded REIT that owns, operates, and develops multifamily apartment communities across high-density U.S. coastal markets. Comparable to Fairfield through apartment ownership and operations, but operates at national scale as a public REIT rather than regional family-owned.
• Greystar Real Estate Partners: Greystar is the largest multifamily property manager and apartment operator in the U.S., managing over 800,000 units. While national/global and serving institutional capital, it operates in the same product category — owning and managing apartment communities — making it a broad incumbent peer to Fairfield's multifamily focus.
• Equity Residential: Equity Residential is one of the largest publicly traded multifamily REITs, focused on urban and high-density coastal apartment markets including parts of the NY metro. Directly comparable product (apartment ownership/operation) but at institutional REIT scale.
• Mid-America Apartment Communities: MAA is one of the largest publicly traded multifamily REITs in the U.S., focused on owning/operating garden-style apartments in the Sunbelt. Comparable product (apartment ownership and operation) but in a different geography and listed REIT structure.
• Essex Property Trust: Essex Property Trust is a multifamily REIT focused on the West Coast (California, Seattle, Denver metro). Comparable through apartment ownership and operation, but operates as a public REIT in a different geography from Fairfield's Long Island footprint.

Emerging players

• Douglaston Development / Levine Builders: Douglaston Development is a family-owned NY-metro multifamily developer and operator with comparable scale and ownership structure to Fairfield, with overlapping geographic exposure in Queens and Long Island. Comparable product (own/develop/operate apartments) and similar privately-held/family-owned orientation in the same metro.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fairfiled-properties

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Fairfield Properties