TRData Spotlight: A&E Real Estate Holdings | The Real Deal New York

The Real Deal New York

TRData Spotlight: A&E Real Estate Holdings

December 17, 2013 03:24PM

Eisenberg-riverton

Douglas Eisenberg and Riverton Houses (Credit: PropertyShark)

With fewer than five years under its belt, A&E Real Estate Holdings, led by Douglas Eisenberg, is already one of New York City’s most prominent multifamily investors. Founded in 2011 after Eisenberg departed from father Philip’s Urban American Property Management, A&E amassed a building portfolio totaling $433 million in just its first two years in business. In 2015 alone, the company has acquired over $800 million in residential properties across the five boroughs, with the biggest deal coming in the form of a 32-building portfolio acquisition priced at $360 million. In all, the company has assets totaling about $2 billion and owns around 100 buildings across the city.

Now A&E is buying the affordable housing complex known as Riverton Houses in Harlem, a $201 million deal with the complex’s current manager, CWCapital Asset Management. In order to qualify for significant tax abatements and other incentives valued at about $100 million, A&E will enter a deal with the city that keeps 975 of Riverton’s 1,229 apartments affordable for the next 30 years.

TRData, The Real Deal’s new resource for real estate research, has compiled a comprehensive rundown of need-to-know info for A&E Real Estate Holdings, its founder, its largest acquired properties, and the deals that tie them all together. –Will Parker

TRDTopics for A&E Real Estate Holdings

A&E Real Estate Holdings

Douglas Eisenberg

Riverton Houses, Harlem, Manhattan (in contract for $201 million)

Netherland Gardens, Riverdale, Bronx (acquired for $89 million)

266 Washington Avenue, Clinton Hill, Brooklyn (largest asset in $360 million portfolio acquisition)

Opal, Kew Gardens, Queens (acquired for $134 million)

Related TRDTopics

Savoy Park

Stuyvesant Town & Peter Cooper Village

Urban American

Philip Eisenberg

In the Headlines

Multifamily megadeal: Eisenberg’s A&E buys Brooklyn-centric portfolio for $360 million

A&E buys 14-story Queens rental building for $134 million

A&E buys Riverton housing complex for $201 million

New York’s upstarts find big profit


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