A&E Real Estate signs $133M refi with Invesco for 266-unit UWS rental

A&E Real Estate Holdings through the entity UWS Ventures IV, LLC as borrower signed a refi with lender Invesco through the entity Incref Investments Bb Seller, LLC valued at $133 million for the 266-unit residential elevator building (D7) at 575 Amsterdam Avenue in Upper West Side, Manhattan.
The deal closed on October 14, 2025 and was recorded on October 28, 2025. The prior lender was Berkshire Residential Investments which held debt that had an original loan amount of $138 million.The property has 324,992 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $409 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on July 24, 2025, for $840.8 million. The signatory for A&E Real Estate Holdings was Alex T. Bruce . The signatory for Invesco was Stephanie Holder .

Prior sales and revenue

The owners according to the Department of Housing Preservation and Development includes Margaret Brunn, head officer and Brian Garland, agent. The business entity is Uws Ventures Iv, Llc. The 324,992-square-foot property generated revenue of $13.4 million or $41 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 266 residential units in Upper West Side has 324,992 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 201 feet and is 234 feet deep with a total lot size of 45,219 square feet. The lot is irregular. The zoning is R7-2 which allows for up to 3.44 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $76 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received one DOB violation, $46,530 in ECB penalties, 47 housing violations, $81,060 in OATH penalties, and two housing litigations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of seven of the 13 commercial properties representing 355,808 square feet of the 375,624 square feet. The largest owner is A&E Real Estate Holdings, followed by Thomas R. Donnelly and then Leeds Associates.
There are no active new building construction projects on this tax block.

The majority, or 87 percent of the 375,624 square feet of built space are elevator buildings, with walkup buildings next occupying 12 percent of the space.

The borrower

The PincusCo database currently indicates that A&E Real Estate Holdings owned at least 177 commercial properties with 15,576 residential units in New York City with 14,459,508 square feet and a city-determined market value of $1.8 billion. (Market value is typically about 50% of actual value.) The portfolio has $2.9 billion in debt, with top three lenders as Signature Bank, JPMorgan Chase, and Mesa West Capital respectively. Within the portfolio, the bulk, or 76 percent of the 14,459,508 square feet of built space are elevator properties, with walkup properties next occupying 24 percent of the space. The bulk, or 49 percent of the built space, is in Queens, with Manhattan next at 32 percent of the space.

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