A&E Real Estate launches 1898, a new in-house residential leasing company

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1898 further expands the integrated range of A&E services, listing units in four boroughs in the company’s portfolio of 15,000 units

NEW YORK, September 27, 2021 / PRNewswire / – A&E Real Estate today announced the launch of 1898, a new in-house leasing company. Named for the year the five boroughs officially came together to create what we now call the New York City, 1898 expands A&E in-house capabilities and further enhances its full-service approach to property ownership and management.

The launch of the residential rental arm of A&E follows six months of intensive development and is supported by dedicated staff. A&E will list and rent all of its available apartments until 1898, which includes apartments at Manhattan, Brooklyn, Queens and the Bronx. In addition to its 1898 rental platform, A&E will continue to partner with select neighborhood brokers.

A&E Homes serve a multitude of lifestyles, locations and priorities, but all reflect the same mission: to provide high quality homes that allow residents to thrive. With residential buildings spread across dozens of neighborhoods, the 1898 inventory of available apartments will serve as a showcase for that of New York great diversity of people and places.

“The development and launch of 1898 leverages our in-depth market knowledge and internal expertise to expand the services we provide directly to our residents, current and future,” said James patchett, CEO of A&E. “No one knows the neighborhoods in which we operate better than we do, and starting our own rental operation will give us better market knowledge, while providing better services in a more cost-effective manner. It’s a win-win-win. “

Along with the 1898 launch, A&E launched a new website, 1898leasing.com, designed by New York City brand agency and partners. The sleek website features a real-time inventory of available apartments as well as a number of dynamic tools that allow users to tailor their searches to suit their preferences. The website also features six original illustrations by Lucy truman, including one for each of the four districts of the A&E portfolio.

“We are thrilled and grateful to be a part of the 1898 brand and website launch,” said David Schimmel, President and Chief Creative Officer of And Partners. “And Partners have been working with A&E from the very beginning. It’s exciting to see how they’ve grown and, in this next chapter, remain committed to providing all New Yorkers with quality apartments in thriving communities across the city. . “

“At A&E, we believe that actively engaging with our residents and investing in our communities is the key to the move. New York City cheeky. 1898 allows us to take these efforts to another level, ”said Maggie McCormick, president of A&E.

Founded in 2011 by Douglas eisenberg, John Arrillaga, Jr., and Wendy Eisenberg, A&E has grown from a single 49-unit building in Fort Greene to over 15,000 Bronx, Manhattan, Brooklyn and Queens apartments currently under management. A&E successfully expanded its portfolio largely through acquisitions of apartment buildings and portfolios from historic owners who lacked the resources and operations to invest and properly manage their properties in the 21st century.

In just 10 years in business, A&E has built a fully integrated real estate platform with in-house asset and property management, rental and construction capabilities. The company owns and operates rent-stabilized and market-priced apartments, with a particular focus on quality workforce housing for teachers, first responders and other essential workers. Its large multi-family portfolio ranges from rentals of 10 units to Brooklyn to 1,200 apartment communities in The Hills of Kew Gardens and the Riverton Houses of Harlem.

About A&E Immobilier

A&E Real Estate was founded in 2011 to invest in multi-family properties in the New York City Metropolitan area with a primary focus on workforce housing. With over 15,000 apartments, A&E provides direct asset management, property management and construction management for its entire portfolio, with the belief that no third-party manager will bring the same degree of focus and development. attention to detail.

A&EThe commitment to provide a high level of service to its residents reflects the philosophy that owner and resident have a long-term mutual interest in preserving the citys multifamily residential park. The inhabitants of A&Es properties form the backbone of New York Citysaving of s. Police and fire personnel, train and bus drivers, hospital workers, teachers and banquet directors are all included among A&E residents.properties of s.

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SOURCE A&E Real Estate


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