Richard LeFrak

Richard S. LeFrak is an American businessman. He is chairman and CEO of LeFrak, a privately held, family-run company based in New York City that owns, develops, and manages real estate. He is one of the biggest landlords in the NY tri-state area.

• Richard LeFrak became CEO of the LeFrak Organization in 2003 when his father Sam died.
• The father-son team transformed the business, which started in France in 1883, into one of the largest real estate developers in the New York area.
• Holdings include LeFrak City – a 20-building, 5,000-unit apartment complex in Queens – and hundreds of acres across from Manhattan to Newport, N.J.
• Known for apartments for moderate-income tenants in the areas around New York City, LeFrak has recently been expanding into luxury and new markets.
• LeFrak’s biggest bet right now is SoLe Mia, a 184-acre mixed used project he’s developing in North Miami.
• An owner of rent-stabilized apartments in New York, LeFrak took a hit in June 2019 when state lawmakers made it harder for landlords to raise rents.