Urban American Property Management owns and manages apartments in New York City, Westchester County
, and New Jersey. In the 2000s, Urban American was one of New York City’s leading private-equity-backed real estate investment firms. Its CEO is Philip Eisenberg
. The firm has slimmed since then, though it still maintains a considerable presence in the city. In 2012 it sold off part of one of its Uptown apartment packages, and in 2014 it listed a 14-building block of its properties in Brooklyn. In 2010 it formed an initiative to provide housing discounts to veterans returning from international deployment. The firm has also been involved in a few controversies. In 2009 the firm sued the New York City Department of Housing Preservation and Development
over lost income allegedly tied to deferred rent increases at three of its Harlem
multi-family apartment complexes. The following year, Urban American was accused by tenants at several of its Harlem
rent-stabilized apartments of trying to squeeze them out by increasing rents and refusing maintenance.
A&E Real Estate Holdings, which has quietly grown into one of New York City’s top multifamily buyers in just a few years, has a secret...
In January, Avi Schron did something his father Ruby never had. On behalf of Cammeby’s International, he filed plans to build a new 41-story tower...
In a move to scale back its real estate business, the Iskander family and partners are looking to sell a nine-building Washington Heights multifamily portfolio for $185...
Brooklyn landlords Yechiel Weinberger and Bernard Miller bought a portfolio of six multi-family buildings in the north Bronx for more than $40 million, The Real Deal has...
This might be the ultimate New York City real estate long game. A complex that was built in the 1940s and never changed hands, just traded...
UPDATED, May 28, 1:03 p.m.: Richard Podpirka’s JRC Management picked up a 94-unit rental building in Sunnyside, Queens, from BRG Management for $27.5 million. Tags:...
Brooklyn was booming with multifamily sales in March, with dollar volume totaling $683.1 million for the month, more than all multifamily sales in New York...
UPDATED, 2:32 p.m., Feb. 19: Douglas Eisenberg’s A&E Real Estate Holdings acquired a massive multifamily portfolio spanning 32 buildings across three boroughs from the Dermot...
Urban American Management picked up a three-building Williamsburg rental portfolio from BCB Property Management for $48.1 million, more than twice the previous purchase price, The...
UPDATED, 3:15 p.m., Jan. 23: Marion Jones, a top investment sales broker, has decamped to the Ackman-Ziff Real Estate Group from Eastern Consolidated to serve...
E&M Associates sold a 13-building portfolio, comprised of 11 buildings in the Bronx and two in Northern Manhattan, for $53.7 million, according to city records....
New York City multifamily sales went over the $1 billion mark in October for the second-straight month. Tags: ariel property advisors, putnam portfolio ...
Current reader favorites: 1. Top 10 biggest real estate projects coming to NYC 2. Rutenberg NYC names new president 3. Ivanhoe Cambridge to buy Blackstone’s...
Current reader favorites: 1. Top 10 biggest real estate projects coming to NYC 2. Rockefeller Group abandons Times Square project 3. The 5 most expensive...
UPDATED, 4:36 p.m., Nov. 17: Urban American Management’s large “Kings and Queens” apartment portfolio is now in contract for $236 million, as The Real Deal reported earlier...
Peter Rebenwurzel’s Coney Realty Group is in contract to buy a large Brooklyn-centric portfolio from Urban American Management for $236 million, The Real Deal has learned. Tags:...
UPDATED, 1:12 p.m., Dec. 1: Brookfield Property Partners and partner Urban American Management tapped the Bank of China and New York Community Bank to finance...
Urban American Management, one of the city’s leading private equity-backed real estate investment firms during the mid-2000s boom, is listing for sale a mega Brooklyn-focused...
The large real estate investment company Brookfield Property Partners signed a contact last month to acquire a 3,962-unit portfolio of apartment buildings in Upper Manhattan,...
During the real estate boom of the last decade, the government-supported mortgage giant Fannie Mae took direct equity stakes in at least three majority affordable-housing...
A group of several dozens tenants, elected officials, and tenant advocates held a rally Friday in front of a former Mitchell-Lama apartment building to demand...
The government-sponsored enterprise Fannie Mae holds a confidential, $60 million equity stake in the 3,962-unit apartment portfolio that Urban American and other partners bought for...
Urban American has sold four more of its Queens multi-family buildings, this time to Great Neck-based landlord BRG, for $50 million, The Real Deal has...
Most-popular articles yesterday on The Real Deal: 1. Alexander Rovt’s townhouse now comes with a free Rolls Royce 2. Urban American sells Far Rockaway portfolio...
Urban American inked a deal to sell a portfolio of five multi-family buildings in Far Rockaway for $52 million, The Real Deal has learned. Tags: E&M Associates,...
Urban American, CEO
590 56th Street, West New York, NJ, 201-553-9800
Philip Eisenberg is CEO at real estate management firm Urban American, which operates...
1307 Fifth Avenue
Price per foot
Urban American Management, City Investment Fund
The former Mitchell-Lama buildings sold for $940 million, or $235,000 per unit, in the second-largest residential portfolio sale in Manhattan to date. The seller, Cammeby's International, is controlled by landlord Ruby Schron. The buildings are located at 3333 Broadway, 455 East 102nd Street, 1940 First Avenue, 1890 Lexington Avenue, 1990 Lexington Avenue and 1307 Fifth Avenue. The deal also included 552 Main Street on Roosevelt Island.
The market for big packages of multifamily buildings may have less sex appeal than the fancy condos adorning Billionaire’s Row, but the sector is going...
One of New York City’s longest-standing rivalries, between Eastdil Secured and CBRE for the lead in investment sales, now appears to be on ice. A...
An active year for the Upper Manhattan multi-family market was topped off in November by the acquisition of an 84-building portfolio by Brooklyn-based real estate...
Over the past two years, companies like SL Green Realty Trust and investor Sam Zell’s Equity Residential have trumpeted their purchases of distressed properties in...