Abraham Fruchthandler’s FBE Limited pays $18M to Edward Farbenblum for parking lot in Midwood

Abraham Fruchthandler’s FBE Limited through the entity E 14 Realty Holdings LLC paid Edward Farbenblum’s The Lillo Bros. Associates, Inc. $18.1 million for 1214 East 14th Street, 1238 East 14th Street in Midwood. The deal closed on February 11, 2020, and was recorded on February 27, 2020. The transaction consists of 2 parcels, including the tax class unlicensed parking lot (G7). The property is square feet. The parcel(s) have total development potential of 33,000 square feet.
The average sale price per square foot is $549.

FBE has been active in recent months. In January, FBE bought parcels in Gravesend for $57.5 million. FBE also recently signed a ground lease in Crown Heights.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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