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

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”

Numbers were down across the board (Credit: iStock)

New York’s multifamily market had its slowest first half of the year since 2011

Small Talk: Every community meeting. About every development project. Ever.

South Florida developers riff on the shift from condos to rentals: TRD Miami Showcase & Forum

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Alex Rodriguez

Watch: A-Rod on the benefits and pitfalls of being a celebrity investor

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

arrow_forward_ios