FBE Limited
(FBE Finvest, Opus Capital Management)
Owner, Developer
Family Office
1 State St 32nd Fl New York, NY 10004
People:
FBE Limited NYC portfolio
$570.9 million -condo 35%, elevator 32%, industrial 10%; Brooklyn 67%, Manhattan 24%, Queens 8%*
388th largest portfolio by dollar value
1,317,232 sqft – condo 50%, elevator 29%, walkup 8%; Brooklyn 48%, Manhattan 46%, Queens 5%
378th largest by SF
35 properties – Brooklyn 63%, Queens 21%, Manhattan 15%
270th largest
1,228 residential units – Brooklyn 57%, Manhattan 42%
272th largest by residential units
Notes
FBE Limited owns assets of the Fruchthandler family, which were investors with the Reichmann family’s Olympia & York in Lower Manhattan. The Fruchthandlers launched Opus in 2003 to grow and manage a portfolio with investors outside the family.
Company Activity past 24 months:
Seller company: 2 for $48 million
Borrower company: 3 for $73.6 million
Top Ten Associated Companies:
Signature Bank (12), LIHC Investment Group (2), Mendel Kaff (2), JLL (1), FBE Limited (1), Arden Group (1), Valley National Bank (1), Santander Bank (1), Genesis LLC (1), Targo Capital Partners (1)
Top Ten Associated People:
Paul Kotronis (3), Mendel Kaff (2), Rhonda D. Peare (1), Ezra Husney (1), David Gleitman (1), Shimon Eisikowicz (1), Ron Beit-Halachmy (1), Manny Shurka (1)
Recent activity as company:
• FBE Limited borrowed $6 million from Peapack Private Bank & Trust for 1317 East 14 Street on November 13, 2025.
• FBE Limited sold 201 2 Avenue for $7.9 million to Targo Capital Partners on April 30, 2025.
• FBE Limited borrowed $36.8 million from Genesis LLC for 1900 Shore Parkway on March 20, 2025.
• Cammeby’s International Group and FBE Limited sold 399 Lorimer Street for $40.1 million to LIHC Investment Group on December 31, 2024.
• FBE Limited borrowed $30.8 million from JLL for None on February 21, 2024.
• FBE Limited borrowed $23.7 million from Webster Bank for 478 St Johns Place on November 21, 2023.
• FBE Limited borrowed $29 million from Cross River Bank for 1120 St Johns Place on December 01, 2022.
• Mendel Kaff sold 478 St Johns Place for $30.5 million to FBE Limited on November 30, 2022.
• FBE Limited borrowed $50 million from Valley National Bank for None on October 31, 2022.
• Laurence Kramer sold None for $51.5 million to FBE Limited on October 31, 2022.
Latest Stories:
• Targo Capital pays $7.9M to FBE for 8-unit walkup in East Village (May 06, 2025)
• FBE Limited signs $36.8M refi with Genesis LLC for Marine Basin marina (March 31, 2025)
• FBE Limited signs $30.8M refi with JLL for 119-unit rental in Brownsville (March 14, 2024)
• RBH Group signs contract to buy Jamaica dev site from FBE Limited (January 09, 2023)
• FBE Limited pays $51.5M to Laurence Kramer for possible dev site in Jamaica (November 11, 2022)
Properties: