Following on the heels of a $266 million apartment purchase on the Upper West Side, A&E Real Estate is acquiring a 14-building multifamily portfolio in Brooklyn's Gravesend and Sheepshead Bay neighborhoods, according to a source.
The 1,217-unit portfolio is trading for $250 million, purchased from LeFrak.
Cushman & Wakefield's Adam Spies, Adam Doneger and Daniel O'Brien brokered the sale. C&W declined to comment on the transaction.
Recommended For You
A&E Real Estate just acquired a 354-unit apartment tower located at 140 Riverside Blvd., from Equity Residential. A CBRE team led by Darcy Stacom, chairman of NYC Capital Markets, arranged the sale.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
