About Us - Investment Sales Division | Halstead Property

Investment Sales Division

Investment Sales Division
Esther Stedman
Vice President
Marketing Coordinator
phone: 212.546.1030
fax: 646.472.7803
email: estedman@halstead.com

Esther Stedman

Esther Stedman has added a new dimension to her forty year real estate career, by utilizing all of her considerable background in the industry.

In the early 1980s she created a very successful marketing tool - a newsletter called "ManhattanHighlights" which she used to sell the enormous amount of properties generated by her -- an array of commercial investments, among them -- a large parcel of land for development in TriBeCa, at the time it was considered a less-than-prime or undesirable area, arranging a joint venture with a well known developer to save the deal when lenders refused to lend; selling Studio 54 while its owners were doing time in jail, and many other notables which are detailed in the following paragraphs.

When the real estate market slumped, she originated mortgages in the early 1990s for multi-family buildings when lending was very sparse and only available for AAA properties.

In the early 2000s again, as in London, buying for her own account, renovating, creating value and reselling, finding properties to purchase and investors to join in the profit-taking.

And now, she has joined Halstead Property, as Marketing Coordinator of the Investment Sales Division to create and supervise the publication of a newsletter "Halstead Investment Highlights", as in previous years, to generate and market commercial and investment properties for sale.

Her exemplary career began in 1967 with a deal between two of real estate's most respected businessmen - William Zeckendorf Sr. and Sol Goldman. In just three years Mrs. Stedman had gleaned enough expertise to found her own company, New York International Real Estate, and serve her prestigious clientele as both broker and negotiator.

Business opportunities brought her to London, England where she caused a bit of a marketing sensation by employing innovative selling tactics - she herself auctioned her gutted and redesigned Victorian townhouse tagged by the awed media as "London's most lavish home".

After Mrs. Stedman's return to New York in 1978, the glamour and excitement did not fade. As Marketing Director and later Senior Vice President of Herbert Charles and Co., she sold Studio 54 for Steve Rubell and Ian Schraeger to Philip Pilevsky, found for Trafalgar House, a division of Cunard Ships, Hotels and Resorts of London, Kim Yeung of King Fook in Hongkong, and Chandru Jagwani their first Manhattan residential development sites.

Subsequent deals involving such clients as the Prudential Insurance Co., Fisher Brothers, Robert Olnick, Fred DeMatteus, Alex DiLorenzo, Richard Siegel, Heinrich Feldman of London, Robert Lifton, Howard Weingrew, Saddler Morgan, Lowell Harwood of Square Industries, Hyman Shapiro, Leonard Boxer, Robert Seavey and Dan Katz, among many others, brought in millions of dollars in gross business, culminating in $140 million in joint ventures and gross sales in one year alone.