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
$460 million -elevator 41%, condo 19%, industrial 12%; Brooklyn 59%, Manhattan 29%, Queens 10%*
543th largest portfolio by dollar value
1,119,837 sqft – condo 42%, elevator 34%, walkup 9%; Manhattan 54%, Brooklyn 39%, Queens 6%
479th largest by SF
34 properties – Brooklyn 58%, Queens 23%, Manhattan 17%
315th largest
1,123 residential units – Manhattan 53%, Brooklyn 46%
342th 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: 3 for $157 million
Borrower company: 3 for $70.2 million
Top Ten Associated Companies:
Signature Bank (12), Mendel Kaff (2), LIHC Investment Group (2), Webster Bank (1), New York Community Bank (1), Signature Investment Group (1), BankUnited (1), RBH Group (1), JLL (1), FBE Limited (1)
Top Ten Associated People:
Paul Kotronis (3), Mendel Kaff (2), Manny Shurka (1), Ron Beit-Halachmy (1), Rhonda D. Peare (1), Ryan Supple (1), David Gleitman (1), Ezra Husney (1), Max Kaufman (1), Shimon Eisikowicz (1)
Recent activity as company:
• FBE Limited, Adam America Real Estate and Zev Marmurstein sold 409 Eastern Parkway, 409 Eastern Parkway, 409 Eastern Parkway, and 409 Eastern Parkway, Crown Heights, Brooklyn for $109 million to GO Residential Real Estate Investment Trust on July 01, 2026.
• FBE Limited borrowed $27.5 million from Argentic Investment Management for 478 St Johns Place on May 05, 2026.
• 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.
Latest Stories:
• FBE Limited signs $27.5M refi with Argentic for 60-unit rental in Crown Heights (May 28, 2026)
• 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)
Properties: