Category: Uncategorized

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…

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…

Multifamily rental complexes have opened – and quickly filled up – in several communities on Long Island in the last year.

The property features a main building with 22 rooms and three separate cottages behind it.

The three highest-priced home sales in Manorville last month ranged from $480,000 to $625,000.

The company bought a 36,750-square-foot industrial building in Islandia.

Nassau home prices fell $10,000 and Suffolk prices dropped by $4,000 from the previous month.

The family-owned company is relocating from Brentwood.

The three highest-priced home sales in Massapequa last month ranged from $1.1 million to $1.4 million.

The company is relocating from Syosset.