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

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.