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New York

A&E buys 14-story Queens rental building for $134M

Dermot paid $13.6 million for the Opal in 2003

From left: 75-25 153rd Street in Kew Garden Hills and A&E's Douglas Eisenberg
From left: 75-25 153rd Street in Kew Garden Hills and A&E's Douglas Eisenberg

Douglas Eisenberg’s A&E Real Estate picked up a Queens rental building for $134 million, according to property records filed with the city Wednesday.

The Dermot Co. is selling the property, located at 75-25 153rd Street, in the Kew Gardens Hills section of Queens. In February, A&E bought a multifamily portfolio spanning 32 buildings across three boroughs from the same seller, as The Real Deal reported.

Dermot bought the building — which is also known as the Opal — in 2003 from Touro College for $13.6 million and developed the site into a 14-story, almost 542,000-square-foot residential property. The Opal opened in 2004.

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Rosewood Realty’s Aaron Jungreis was the sole broker on the transaction. He declined to comment.

Earlier this summer, A&E bought a $89 million Bronx portfolio from Axelrod Management.

A representative from A&E wasn’t immediately available Wednesday.

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A&E Real EstateDermot Company