The Real Deal New York

Eisenberg’s A&E buys Jackson Heights multifamily for $22M

The building spans 111,648 square feet and has 144 units

October 13, 2015 01:30PM
By Kathryn Brenzel

35-02 9th Street in Jackson Heights (inset: Douglas Eisenberg)

35-02 95th Street in Jackson Heights (inset: Douglas Eisenberg)

Douglas Eisenberg’s A&E Real Estate continues to bulk up its multifamily portfolio — it scooped up a six-story elevator building in Jackson Heights for $22 million, The Real Deal has learned.

The multifamily building at 35-02 95th Street was purchased under an LLC — 94th & 95th Street JH — but public records indicate that A&E is behind the purchase. The building spans 111,648 square feet and has 144 units. The seller has owned the building since 1973, records show.

Eisenberg could not immediately be reached for more details on the sale.

A&E shed 11 Brooklyn buildings in March in a $206.5 million sale to Heller Realty.

On the whole, A&E has been beefing up its multifamily portfolio in recent months.

The Midtown-based investment firm made a massive purchase in February from the Dermot Company, which unloaded 32 buildings across three boroughs — 19 buildings in Brooklyn, 10 in Manhattan and three in Queens — for more than $360 million. In April, A&E bought a 14-story Kew Gardens Hills rental building for $134 million, also from Dermot.

Correction: The address was incorrectly listed in a prior version of this report.