Urban American | The Real Deal New York

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Urban American

590 56th Street
West New York, NJ 07093
(201) 553-9800
Website
Urban-American

Urban American Property Management owns and manages apartments in New York City, Westchester County, and New Jersey. In the 2000s, Urban American was one of New York Citys leading private-equity-backed real estate investment firms. Its CEO is Philip Eisenberg. The firm has slimmed since then, though it still maintains a considerable presence in the city. In 2012 it sold off part of one of its Uptown apartment packages, and in 2014 it listed a 14-building block of its properties in Brooklyn. In 2010 it formed an initiative to provide housing discounts to veterans returning from international deployment. The firm has also been involved in a few controversies. In 2009 the firm sued the New York City Department of Housing Preservation and Development over lost income allegedly tied to deferred rent increases at three of its Harlem multi-family apartment complexes. The following year, Urban American was accused by tenants at several of its Harlem rent-stabilized apartments of trying to squeeze them out by increasing rents and refusing maintenance.


07/20/17
...E&M Associates and Philip Eisenberg’s Urban American Management – to lesser-known real estate players. The properties were part of a 13-building portfolio...

07/11/17
...UPDATED July 11, 2017, 11:25 a.m.: Brookfield Property Partners and Urban American Management just scored $714.7 million to refinance part of their massive Putnam multifamily portfolio in...

06/20/17
...firm bought 364 apartments in the North Bronx from Urban American Management for $42 million. Mike Stern and Scott Jacobs of NY Standard Realty represented both...

05/22/17
...-64 34th Street in Astoria and Philip Eisenberg Urban American Management closed on the $20.5 million purchase of a 70-unit Astoria multifamily portfolio from investor...

05/05/17
...by managing director Woody Heller. In 2014, they represented Urban American in the sale of a majority stake in the 4,000-unit Putnam multifamily portfolio in...

01/03/17
...Realty Group bought a 1,434-unit Brooklyn portfolio from Urban American Management, adding to their extensive Brooklyn holdings of roughly 35 buildings. 2.) Joseph Sbiroli of Ventura...

12/19/16
...Real Estate Partners sold the six-story, 40,185-square-foot-building to Urban American Management. 4) In the Bronx, Joel Gluck sold a 11-story, 129-unit building at 1340 Stratford Avenue...

12/01/16
...Douglas Eisenberg and John Arrillaga Jr., sons of Urban American Management CEO Philip Eisenberg and billionaire Silicon Valley developer John Arrillaga Sr., respectively. Sentinel...

11/16/16
...Avenue, which could fetch $2.1 billion. Along with partner Urban American Management, Brookfield is also considering the sale of the 4,000-unit multifamily package known as...

10/24/16
...of $1.5 billion. Brookfield paid the Eisenberg family’s Urban American $1.04 billion for a majority stake in the complex in September 2014.  The fact that the...

10/21/16
...Partners Chairman Ric Clark) Brookfield Property Partners and Urban American Management are considering the sale of the massive Putnam multifamily portfolio in Upper Manhattan...

07/29/16
...Avenue and Philip Eisenberg Brookfield Property Partners and Urban American Management are spending $16 million to "green" five apartment buildings across Harlem. And while the...

07/18/16
...Williamsburg from a partnership between Rockpoint Group and Urban American for $60 million. The walk-up properties at 164 Havemeyer Street, 181 Havemeyer Street and 442 Lorimer Street include...

04/25/16
...million acquisition of the complex from New Jersey-based Urban American in March 2007. The new financing carries a 30-month term and an option to extend...

12/18/15
...sleeve: its co-founder. While Douglas Eisenberg, the former Urban American Management executive, is known to run A&E, he shares ownership of the...

10/07/15
...unassuming father, said Philip Eisenberg, the founder of Urban American Management and a longtime business associate of the Schrons. Like their father, the two...

09/25/15
...Dermot Co., A&E Real Estate and Urban American Management...

08/06/15
...buy the 364-unit portfolio from the private-equity backed Urban American Management, which assembled the properties in 2006 for a total of $25 million. The properties are...

07/30/15
...amp;E in 2011 after leaving his father's firm, Urban American, could not be reached for comment. Axelrod couldn’t immediately be reached...

05/28/15
...-unit Queens portfolio that BRG Management purchased from Urban American last year for $50 million. BRG paid $17.1 million for this particular building. JRC is a...

05/15/15
...according to a report from Ariel Property Advisors. Urban American’s 17-building, once-dubbed "King & Queens" portfolio, which traded for $236 million, helped propel the...

02/19/15
...the full assemblage closed Tuesday. In 2011, Eisenberg left Urban American to launch A&E, a Midtown-based investment firm. A&E bought a...

01/27/15
...in Williamsburg (Inset: Matthew Fotis and Bennat Berger) Urban American Management picked up a three-building Williamsburg rental portfolio from BCB Property Management for $48.1 million...

01/23/15
...She was mostly recently the lead broker representing Urban American Management in the $236 million deal to sell a large “Kings and Queens” apartment portfolio...

12/30/14
...firm, bought the portfolio in 2012 for $37 million from Urban American. In March, E&M sold a five-building portfolio in Far Rockaway for $52 million...
Urban American, CEO
590 56th Street, West New York, NJ, 201-553-9800
Philip Eisenberg is CEO at real estate management firm Urban American, which operates...
  • Event Sales
  • Address 515 West 168th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 40,185
  • Price $ 18,200,000
notes
The multifamily building was sold for $18.2 million.
  • Event Sales
  • Address 442 Lorimer Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Price $ 60,000,000
notes
The rental portfolio sold for $60 million and included 164 Havemeyer Street and 181 Havemeyer Street.
  • Event Sales
  • Address Brooklyn portfolio
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 18,100,000
  • Event Sales
  • Address 1307 Fifth Avenue
  • Neighborhood East Harlem
  • Borough Manhattan
  • Price $ 940,000,000
  • Price per foot $ 235,000.00
  • Publication Date 06/01/2007
  • Event Date 04/22/2007
  • Party 1 MPL LLC
  • Party 2 Urban American Management, City Investment Fund
notes
The former Mitchell-Lama buildings sold for $940 million, or $235,000 per unit, in the second-largest residential portfolio sale in Manhattan to date. The seller, Cammeby's International, is controlled by landlord Ruby Schron. The buildings are located at 3333 Broadway, 455 East 102nd Street, 1940 First Avenue, 1890 Lexington Avenue, 1990 Lexington Avenue and 1307 Fifth Avenue. The deal also included 552 Main Street on Roosevelt Island.
  • Event Sales
  • Address Harlem portfolio
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 940,000,000
  • Publication Date 06/01/2007
  • Event Date 04/17/2007
  • Party 1 Cammeby's International Group
  • Party 2 Urban American Management, City Investment Fund
  • Event Sales
  • Address Eastchester Heights
  • Neighborhood Pelham Gardens
  • Borough Bronx
  • Price $ 133,000,000
  • Event Sales
  • Address Brooklyn portfolio
  • Neighborhood Midtown
  • Borough Brooklyn
  • Price $ 64,700,000
Brooklyn, 11203
KINGS & QUEENS HOLDIN
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Brooklyn, 11206
NYSANDY14 WILLIAMSBURG 3 LLC
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Brooklyn, 11211
181 HAVEMEYER STREET, LLC
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Brooklyn, 11211
164 HAVEMEYER STREET, LLC
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Brooklyn, 11236
1625 ROCKAWAY PARKWAY
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Queens, 11385
...
Queens, 11385
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Queens, 11385
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Queens, 11106
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Queens, 11102
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Queens, 11106
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Queens, 11102
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Queens, 11106
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Queens, 11355
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Queens, 11694
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Manhattan, 10033
LICHTER REAL ESTATE
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Manhattan, 10040
213 BENNETT AVENUE, L
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Manhattan, 10032
106 FORT WASHINGTON,
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Manhattan, 10024
Urban American Management, MERRION CONDOMINUM
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Manhattan, 10029
NYC HPD / DCAS
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Manhattan, 10035
BSREP UA MILES LLC
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Manhattan, 10029
BSREP UA RIVER CROSSI
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Manhattan, 10029
BSREP UA RIVER CROSSI
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Manhattan, 10044
ROOSEVELT ISLAND OPER
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...was formerly a principal of his family business Urban American Management, still headed by his father Philip. He left in 2011 to start A&...

...and on Roosevelt Island that was controlled by Urban American Management, a firm that remained in the deal.  Meanwhile in Brooklyn, CBRE, Massey Knakal...

...worked as a principal of his family business Urban American, departed the company in 2011 and has snapped up several Upper Manhattan portfolios since. In...

...-unit building at 2103 Honeywell Avenue in the Bronx. Urban American Management Philip Elsenberg and his son, DouglasOther firms backed by private equity may be...
Manhattan, 10024
Urban American Management, MERRION CONDOMINUM
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