From A & E Real Estate...
Heller Realty, led by Ben Heller and Arnold Simon, has taken a big bite out of the Brooklyn multifamily market with the $206.5 million purchase of an 11-building portfolio from Douglas Eisenberg’s A&E Real Estate, The Real Deal has learned.
The assemblage, largely concentrated in Flatbush and Brighton Beach, spans 870,000 square feet and includes 821 rental apartments. All of the properties are six-story elevator buildings. There are a total of 33 parking garage spaces and no retail space.
A 107-unit property at 486 Brooklyn Avenue in Wingate, a neighborhood just east of Prospect Lefferts Gardens, was the largest property in the portfolio, spanning just under 114,000 square feet, records show.
