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

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

New York /
Oct.October 13, 2015 01:30 PM

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.


Related Articles

arrow_forward_ios
Clockwise from top left: 162 West 13th Street, 325 Avenue Y in Brooklyn, 1281 Viele Avenue in the Bronx (Credit: Google Maps)
Here’s what the $10M-$30M NYC investment sales market looked like last week
Here’s what the $10M-$30M NYC investment sales market looked like last week
Real Capital Analytics data showed that New York’s multifamily market had a very slow July. (Credit: iStock)
New NYC rent law “beginning to shut down investment”
New NYC rent law “beginning to shut down investment”
Numbers were down across the board (Credit: iStock)
New York’s multifamily market had its slowest first half of the year since 2011
New York’s multifamily market had its slowest first half of the year since 2011
2111 Frederick Douglass Boulevard and 214 West 109th Street, two buildings as part of the portfolio (Photos via Google Maps; StreetEasy)
Black Spruce eyes $700M+ valuation for multifamily portfolio
Black Spruce eyes $700M+ valuation for multifamily portfolio
Paul Fishbein pretended to own properties across the city, pocketing rental assistance checks in the process, authorities said. (Getty)
Landlord imposter pocketed $1.5M in rental assistance: Authorities
Landlord imposter pocketed $1.5M in rental assistance: Authorities
E&M Management Founder Irving Langer. (E&M, Getty)
Multifamily giant Irving Langer pays off defaulted loan after selling properties
Multifamily giant Irving Langer pays off defaulted loan after selling properties
CDC director Dr. Rochelle Walensky (Getty, iStock)
CDC extends national eviction ban through June
CDC extends national eviction ban through June
Bolivar Development's Peter Fine and 401 West 218 Street. (Google Maps)
10 biggest new project filings in NYC
10 biggest new project filings in NYC
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...