Fairfield Community Coverage, LLC - Melville, NY

Fairfield Properties is a privately held, family-owned real estate owner and operator headquartered in Melville, New York. Founded in 1974 by the Broxmeyer family, the firm has grown over five decades into the largest owner of residential rental housing on Long Island. The company’s evolution has been driven primarily through the acquisition and repositioning of existing multifamily assets, complemented by selective ground-up development and mixed-use investments in supply-constrained suburban markets. Fairfield Properties’ core business is the ownership, operation, and asset management of multifamily rental communities, with a secondary focus on office and neighborhood-scale retail assets that support or complement its residential holdings. The firm maintains a vertically integrated operating platform, managing leasing, property management, construction, and capital improvements internally. This structure supports Fairfield’s value-add strategy, which emphasizes operational efficiencies, unit renovations, and long-term portfolio hold periods rather than rapid asset turnover. The portfolio is highly concentrated geographically, with the vast majority of assets located across Nassau County, Suffolk County, and parts of Queens. Long Island represents an estimated well over 85% of the firm’s owned units, creating exposure to regional regulatory, tax, and demographic changes while also benefiting from high barriers to new multifamily supply. Key submarkets include Huntington, Babylon, Islip, Smithtown, and Mineola, where Fairfield has achieved significant local scale. Fairfield Properties owns and operates more than 225 multifamily communities totaling over 15,000 apartment units, along with approximately 18 office buildings comprising roughly 1.8 million square feet. Tenant exposure is diversified across thousands of residential renters and commercial tenancy includes local and regional service-oriented users such as financial institutions and medical or professional offices.