A&E in contract to buy Stonehenge Village on UWS

Buildings on West 96th and 97th streets contain roughly 420 units

TRD New York /
Mar.March 02, 2018 03:00 PM

Stonehenge Village and Douglas Eisenberg

A&E Real Estate Holdings is acquiring a trio of rental buildings on the Upper West Side for at least $180 million.

The Stonehenge Village complex — one on West 96th Street and two on West 97th Street — contain about 420 apartments overall, and A&E bought them from a joint-partnership of Ivanhoe Cambridge, SL Green Realty and Stonehenge Partners, according to Crain’s.

The owners had instituted a controversial policy banning rent-stabilized tenants from using a gym at the property. However, they eventually backtracked and let the tenants use the facility for a monthly fee.

A&E, a major multifamily investment firm led by Douglas Eisenberg and John Arrillaga Jr., is particularly active in Northern Manhattan and Queens. Blackstone Group recently bought the majority stake in a 13-building portfolio that Harvard Management Company had owned with A&E for $243.6 million. [Crain’s]Eddie Small


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
237 Park Avenue and Scott Rechler (Photos via Getty; RXR)

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue

What tenants are paying at RXR and Walton Street Capital’s 237 Park Avenue
The National Multifamily Housing Council’s monthly payment tracker found that 90.6 percent of those households paid some rent by Oct. 20. (iStock)

Rent collections in market-rate apartments stagnate in October

Rent collections in market-rate apartments stagnate in October
Four New York Plaza (Photo via Hines)

Four New York Plaza office tower hits the market

Four New York Plaza office tower hits the market
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
518 Broadway (Google Maps)

Four years vacant: Landlord offers dire outlook for Soho building

Four years vacant: Landlord offers dire outlook for Soho building
arrow_forward_ios

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

Loading...