The frozen market just melted. One of the city’s biggest multifamily landlords just purchased hundreds of Queens apartments in what appears to be the largest acquisition of rent-stabilized apartment buildings since the state’s new rent law passed in June. Doug Eisenberg’s A&E Real Estate Holdings bought the 539-unit Kestenbaum family portfolio in Rego Park for $129.5 million, sources told The Real Deal. That represents a 38% discount from the $210 million the seller sought upon
source https://therealdeal.com/2019/11/19/ae-real-estate-buys-massive-rent-stabilized-portfolio-at-steep-discount/
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