A&E Real Estate Buys Brooklyn Multifamily Portfolio for $250M

Following on the heels of a $266 million apartment purchase on the Upper West Side, A&E Real Estate has acquired a 14-building multifamily portfolio in Brooklyn’s Gravesend and Sheepshead Bay neighborhoods, according to a source.

The 1,217-unit portfolio traded 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.

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.