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

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

TRD 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
902 Drew Street and 400 East 58th Street (Google Maps)

New York’s multifamily sales improve in Q3

New York’s multifamily sales improve in Q3
(iStock)

Dead weight: A breakdown of NYC’s rental listing glut

Dead weight: A breakdown of NYC’s rental listing glut
San Francisco and New York (iStock)

San Francisco rents continued unprecedented slide

San Francisco rents continued unprecedented slide
(Getty)

Affordable apartments could suffer 50% hit to bottom line: Fitch

Affordable apartments could suffer 50% hit to bottom line: Fitch
(iStock)

3.7M renters may lose their homes due to eviction: Census Bureau

3.7M renters may lose their homes due to eviction: Census Bureau
arrow_forward_ios

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

Loading...