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A&E Real Estate Holdings Picks Up Queens Apt. Portfolio for $127.5 Million

Locally-based multifamily investor A&E Real Estate Holdings purchased a 428-unit apartment portfolio in Queens for $127.5 million, or about $275,000 per unit.

A&E acquired the three apartment complexes from a joint venture between Teaneck, NJ-based Treetop Development and a private investor, which originally acquired the portfolio in 2015, according to CoStar data.

The three complexes included in the sale are the 126-unit Sanford Terrace, located…

BRM Picks Up 47-Unit Apt. Complex in Brooklyn for $11.5 Million

Barberry Rose Management Co. (BRM) acquired a 47-unit apartment complex at 826 Crown St. in Brooklyn from a joint venture between East Coast Holdings and Sharp Management Corp. for $11.45 million, or about $244,000 per unit.

Originally built in 1930, the multifamily building totals 52,764 square feet. The Crown St. complex offers a mix of studio- and one-bedroom floorplans, ranging in size from 954 to 1,054 square feet, according to CoStar data…