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A&E Snaps Up LeFrak Brooklyn Portfolio for $250M

A&E Snaps Up LeFrak Brooklyn Portfolio for $250M

Cushman & Wakefield has arranged the $250 million sale of a 14-building portfolio comprising 1,217 units in Brooklyn’s Gravesend and Sheepshead Bay neighborhoods, according to people familiar with the transaction.

A&E Real Estate acquired the property from LeFrak. Cushman & Wakefield’s Adam Spies, Adam Donegar and Daniel O’Brien brokered the sale, according to sources.

Cushman & Wakefield declined to comment at this time.

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About Ted Jackson

A highly successful financial journalist, corporate financial writer and magazine entrepreneur with strong expertise in writing on fixed income and pass-through securities (ABS), finance and banking, the economy, economic developments, financial markets, investing and personal finance, the business of behavioral healthcare and more.

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