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.
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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.
