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A&E Real Estate Buys 1,056-Unit Complex in Queens As New York Rental Rates Rise to Record Highs

Purchase Marks Investor’s Fifth in Past Five Months
A&E Real Estate has bought Cunningham Heights in Queens Village for $130 million as rents in New York jump to record highs. (A&E Real Estate)
A&E Real Estate has bought Cunningham Heights in Queens Village for $130 million as rents in New York jump to record highs. (A&E Real Estate)
CoStar News
March 1, 2022 | 6:53 P.M.

A&E Real Estate, a multifamily property owner known for its workforce housing, has purchased a 1,056-unit apartment complex in Queens as rental rates in New York have surged to new record highs.

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