SOLD
A&E Acquires South Brooklyn Multifamily Portfolio For $249M With Brokers From Cushman & Wakefield
2375 East 3rd Street
MultiFamily
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
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.
Players
All
7
Agents
5
Agencies
2
Details
SOLD
IMAGE: Gideon Gil, Adam Spies, Dan O’Brien, Adam Doneger, Caroline Hodes & Michael Collins
DATE: 11/07/2022
ADDRESS: 2375 East 3rd Street, 2750 Homecrest Avenue & 2775 East 12th Street
MARKET: South Brooklyn
ASSET TYPE: Multifamily
BUYER: A&E
SELLER: LeFrak Organization
BROKERS: Adam Spies, Dan O’Brien, Adam Doneger (@ADoneger), Caroline Hodes (@CarolineHodes) & Michael Collins - Cushman & Wakefield (@CushWake) (@KingsandQueensCapitalMarkets)
SALE PRICE: $249,000,000
UNITS: 1,217 ~ PPU: $204,601View on map
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Address2375 East 3rd Street
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