A&E Real Estate Holdings Acquires The Rego Park 18 Portfolio In Queens Boulevard For $129.5M

The Rego Park 18 Portfolio, located at Queens Boulevard & 65th Avenue in Rego Park, is a multifamily property. The property consists of 539 units and has a total square footage of 568,276. The price of the portfolio transaction was $129,500,000, resulting in a price per unit of $240,000. The price per square foot is $227. The building square footage is 238,262, with a price per building square foot of $54.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $129,500,000
• Square Footage: 568,276
• Price Per Square Foot: $227
• Building Square Footage: 238,262
• Price Per Building Square Foot: $54
• Units: 539
• Price Per Unit: $240,000

The buyer in this transaction was A&E Real Estate Holdings, while the seller was Kestenbaum. Notable individuals involved in the deal include Thomas Donovan, Tommy Lin, Eugene Kim, Robert Rappa, Doug Eisenberg, and Aaron Jungreis, who represented the buyer, A&E Real Estate Holdings. All parties were instrumental in the successful completion of this transaction.