E&M Management Successfully Sells Harlem Properties

A veteran real estate investor with a focus on multifamily properties, Irving Langer is the CEO of E&M Management, one of the largest rental property owners in New York. The company also has properties in New Jersey, Florida, Arizona, and Texas. Irving Langer has led the company since 1972, overseeing all property acquisitions, management, and sales.

In 2018, E&M began a move out of its core property holdings in cities in favor of properties outside the city. The company marked the move with dispositions of some of its urban properties. These included 50-building and 21-building portfolios, both located in Harlem.

E&M sold the 50-building portfolio to Sugar Hill Capital Partners for over $250 million. At the time of the sale, Sugar Hill Capital Partners CEO Jay Solomon said the company would leverage its strong expertise in integrating sustainability and preservation to steward the buildings with care.

For the 21-building portfolio in Harlem, E&M sold it to Isaac Kassirer for $85 million. The portfolio included 224 apartment units. E&M had bought the properties in 2014 for $66.7 million. Steven Vegh of Westwood Realty Associates brokered both of the deals.

Ancient Scroll Enter’s National Library of Israel’s Judaica Collection

Long-time New York resident and real estate investor Irving Langer serves on the board of the Jewish education institute Yeshiva Tiferes Yisroel in Brooklyn. Irving Langer also possesses a personal interest in Judaica collections around the world.

In 2021, one of the oldest scrolls from the Book of Esther entered the Judaica collection at the National Library of Israel in Jerusalem. The Book of Esther is significant in the Jewish religion and is read aloud during the Purim festival. It is also one of the five most revered stories in the Old Testament.

Also known as a megillah, the scroll was written sometime in the 15th century by a Sephardic scholar. Esther scrolls from the Iberian Peninsula are rare, especially those predating the Spanish Inquisition. It is believed there are only a handful in the world. The scroll was gifted to the National Library by a long-time patron. The medieval Book of Esther is now a part of one of the largest Judaica collections in the world.

Lakeshore Villas by E&M Associates – A Beautiful Lakeside Community

An accomplished real estate investor and manager, Irving Langer heads E&M Associates, one of the largest real estate companies in New York City. As the CEO of the company, Irving Langer oversees the company’s portfolio of properties, comprising about 10,000 residential and commercial units in New York, New Jersey, Florida, and Texas. Some of these properties are located in homely, serene environments next to large water bodies. An example is Lakeshore Villas.

Lakeshore Villas is a lakefront apartment community that’s conveniently close to Highway 9W in Port Owen, New York. The community features one, two, and three-bedroom apartments with stunning views of Esopus Lake. The units have open floor plans, spacious walk-in closets, centralized air conditioning, and remodeled kitchens with dishwashers.

Residents of Lakeshore Villas enjoy easy access to outdoor facilities like tennis and basketball courts as well as a swimming pool. There’s also a private gym and a community clubhouse. Furthermore, because of its proximity to Poughkeepsie and Kingston cities, residents are near a vibrant economic zone with plenty of employment opportunities, good schools, and major shopping and entertainment destinations.

E&M Associates Offers Apartment Living in the New York City Area

As the head of E&M Associates in Brooklyn, New York, Irving Langer finds value-oriented real estate investments in area residential properties. Located in the metropolitan region and points north, Irving Langer’s company oversees the management of numerous multi-family dwellings. Below are some of the properties that E&M Associates manages:

1. Lakeshore Villas

Located on the Hudson River halfway between Albany and New York, Lakeshore Villas feature one-, two-, and three-bedroom apartments with luxury amenities. All units are built on an open plan and feature renovated kitchens and walk-in closets. This pet-friendly community, convenient to Esopus Lake, also has a pool, tennis and basketball courts, and a private gym.

2. Cerone Place

Further down the river between Poughkeepsie and West Point, Cerone Place in Newburgh offers affordable living for persons 55 and older. The one- and two-bedroom apartments come complete with dishwashers, roomy cabinets, ceiling fans, and carpeted floors. A game room and library provide social opportunities. Section 8 applicants are welcome.

3. 301A Central Avenue

Located in Lawrence, New York, near JFK International Airport, 301A Central is distinguished by its white masonry facade and bright red awnings. Consisting of 12 walk-up apartments, the building also boasts two retail spaces.