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2375 East 3rd Street, 2750 Homecrest Avenue & 2775 East 12th Street
SOLD

A&E Real Estate Acquires Multifamily Portfolio In Brooklyn From LeFrak For $250M

2375 East 3rd Street, 2750 Homecrest Avenue & 2775 East 12th Street

MultiFamily
1,271,755 SF
clock iconSold 1 year ago
Daniel (Dan) O'Brien
Adam Spies
Adam Doneger
the dealplayerscompscontact
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Summary

Sale
NEW YORK
MultiFamily
1,271,755 sqft

The multifamily property located at 2375 East 3rd Street, 2750 Homecrest Avenue, and 2775 East 12th Street in Brooklyn has been sold in a recent transaction. The sale was facilitated by Adam Spies, Adam Doneger, and Daniel O'Brien of Cushman & Wakefield. The buyer of the property is A&E Real Estate, while the seller is LeFrak.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $250,000,000
  • Units: 1,217
  • Price per Unit: $205,423
  • Square Footage: 1,271,755
  • Price per Square Foot: $196

The sale of this multifamily property marks a significant milestone in the Brooklyn real estate market. The involvement of brokers Adam Spies, Adam Doneger, and Daniel O'Brien from Cushman & Wakefield highlights their expertise and reputation in successfully facilitating this transaction. The buyer, A&E Real Estate, has made a substantial investment in acquiring this property from the seller, LeFrak. This deal further demonstrates the strong demand for multifamily assets in Brooklyn's competitive market.

Players

  • All

    4

  • Agents

    3

  • Agencies

    1

Daniel (Dan) O'Brien's profile picture
Daniel (Dan) O'Brien
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Executive Managing Director
$2.6B Sold

Details

Deal Summary
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SOLD
IMAGE: Adam Spies, Adam Doneger & Daniel O'Brien DATE: 04/12/2022 ADDRESS: 2375 East 3rd Street, 2750 Homecrest Avenue & 2775 East 12th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: A&E Real Estate SELLER: LeFrak BROKERS: Adam Spies, Adam Doneger (@ADoneger) & Daniel O'Brien - Cushman & Wakefield (@CushWake) SALE PRICE: $250,000,000 UNITS: 1,217 ~ PPU: $205,423 SF: 1,271,755 ~ PPSF: $196

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Address2375 East 3rd Street, 2750 Homecrest Avenue & 2775 East 12th Street

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