A&E Real Estate completes acquisition of 1080 Amsterdam Avenue in Manhattan from SL Green

A&E Real Estate has acquired 1080 Amsterdam Avenue, a 20-story elevator apartment building located in the heart of the Morningside Heights neighborhood in Manhattan.

A&E acquired the leasehold interest in 1080 Amsterdam, which consists of 96 rental apartments, a street-level retail storefront and a professional unit, from SL Green for $42.5 million, or $443,000 per unit.

The off-market transaction is A&E’s third acquisition of an SL Green residential property in the past year.  A&E also purchased 400 East 57th St. in October 2021 and 400 East 58th St. in April 2021, both from SL Green.

“We have assembled a diverse multifamily portfolio — from workforce housing acquired from legacy owners in the boroughs to prestigious core Manhattan residences acquired from major institutional investors,” said Douglas Eisenberg, executive chairman of A&E Real Estate. “Even as others were openly despairing about New York Cit