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305 Hurley Avenue in Kingston with E&M’s Daniel Goldstein and Irving Langer (Photos via Google Maps; E&M)
E&M Management, once one of New York City’s largest landlords of rent-regulated apartments, is selling its massive Hudson Valley portfolio for more than $100 million.
A partnership of multifamily firm Aker and investment firm Pearlmark closed on four of the firm’s properties for $81 million, which is $26 million more than E&M purchased them for, sources told
The Real Deal. The buyers raised $21.8 million on the commercial real estate crowdfunding platform Crowdstreet.
Those four properties, which have approximately 500 units, are clustered around Kingston, an area that has seen significant interest and rising prices in recent years. Together with its other holdings in the area, the properties made E&M one of the largest landlords in Ulster County. They were jointly owned by E&M Management’s Irving Langer and Daniel Goldstein, who each
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