A&E Acquires South Brooklyn Multifamily Portfolio For $249M With Brokers From Cushman & Wakefield

Three multifamily properties located at 2375 East 3rd Street, 2750 Homecrest Avenue, and 2775 East 12th Street have been sold in South Brooklyn. The transaction took place on the 11th of July 2022. The buyer, A&E, acquired the properties from the seller, LeFrak Organization, at a total sale price of $249,000,000. The asset consists of 1,217 units, with a price per unit (PPU) of $204,601.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $249,000,000
• Units: 1,217
• PPU: $204,601

The deal was facilitated by the brokers Adam Spies, Dan O’Brien, Adam Doneger, Caroline Hodes, and Michael Collins from Cushman & Wakefield, representing both the buyer and the seller.