A&E Real Estate has paid $248.7 million, or $205,198/unit, for 14 apartment buildings with 1,212 units in the Gravesend and Sheepshead Bay sections of Brooklyn, N.Y. The portfolio was purchased from the LeFrak Organization, which had developed the individual properties between 1957 and 1961. In recent years, it’s invested more than $18 million in capital […]

The post A&E Pays $248.7Mln for Portfolio of 14 Apartment Buildings in Brooklyn, N.Y. appeared first on Commercial Real Estate Direct.