FBE Limited

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FBE Limited NYC portfolio

$791.7 million* – elevator 32%, condo 28%, retail 10%; Brooklyn 65%, Manhattan 22%, Queens 11%

215th largest portfolio by dollar value

1,491,214 sqft – condo 44%, elevator 40%, walkup 4%;

230th largest by SF

35 properties – Brooklyn 63%, Queens 21%, Manhattan 15%

265th largest

1,389 residential units – Brooklyn 62%, Manhattan 37%

180th largest by residential units

Company Activity past 24 months:

Seller company: 2 for $48 million

Borrower company: 3 for $91.2 million

Top Ten Associated Companies:

Signature Bank (12), Mendel Kaff (3), E&M Associates (3), Signature Investment Group (2), LIHC Investment Group (2), Gagliano family (2), Genesis LLC (1), Targo Capital Partners (1), Cross River Bank (1), Webster Bank (1)

Top Ten Associated People:

Paul Kotronis (3), Scott Katz (3), Manny Shurka (2), Mendel Kaff (2), Ezra Husney (1), David Gleitman (1), Shimon Eisikowicz (1), Issac Schwartz (1), Ron Beit-Halachmy (1), Rhonda D. Peare (1)

Recent activity as company:

FBE Limited sold 201 2nd Avenue, East Village, Manhattan 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, 1860-1900 Shore Parkway, N/A Bay 41st Street, N/A Hunter Avenue, and N/A Hunter Avenue, None, Brooklyn on March 20, 2025.

Cammeby’s International Group and FBE Limited sold 391 Lorimer Street, 16 Ten Eyck Street, 417 Lorimer Street, N/A Lorimer Street, and N/A Ten Eyck Street, Williamsburg, Brooklyn for $40.1 million to LIHC Investment Group on December 31, 2024.

FBE Limited borrowed $30.8 million from JLL for 9720 Kings Highway, Brownsville, Brooklyn on February 21, 2024.

FBE Limited borrowed $23.7 million from Webster Bank for 781 Washington Avenue, Crown Heights, Brooklyn on November 21, 2023.

FBE Limited sold 89-01 165th Street, 89-25 165th Street, 89-26 Merrick Boulevard, and 89-29 165th Street, Jamaica, Queens for $0 to RBH Group on October 28, 2022.

FBE Limited borrowed $29 million from Cross River Bank for 1120 St Johns Place, Crown Heights, Brooklyn on December 01, 2022.

Mendel Kaff sold 781 Washington Avenue, Crown Heights, Brooklyn for $30.5 million to FBE Limited on November 30, 2022.

FBE Limited borrowed $50 million from Valley National Bank for 89-01 165th Street, 90-06 Merrick Boulevard, 89-25 165th Street, 89-39 165th Street, 89-26 Merrick Boulevard, and others, Jamaica, Queens on October 31, 2022.

Laurence Kramer sold 89-01 165th Street, 90-06 Merrick Boulevard, 89-25 165th Street, 89-39 165th Street, 89-26 Merrick Boulevard, and others, Jamaica, Queens for $51.5 million to FBE Limited on October 31, 2022.

Latest Stories:

• FBE Limited signs $36.8M refi with Genesis LLC for Marine Basin marina (March 31, 2025)

• LIHC buys out Cammeby’s, FBE for $40.1M at 2 land parcels, 3 rentals in Williamsburg (January 29, 2025)

• FBE Limited signs $30.8M refi with JLL for 119-unit rental in Brownsville (March 14, 2024)

• Arden Group signs $150M construction loan with Banco Inbursa for 222-unit project in Washington Heights (April 21, 2023)

• RBH Group signs contract to buy Jamaica dev site from FBE Limited (January 09, 2023)

• FBE Limited signs $29M refi loan with Cross River Bank for new 75-unit building in Crown Heights (December 08, 2022)

• FBE Limited pays $30.5M to buy 63-unit rental in Crown Heights previously owned by Mendel Kaff (December 07, 2022)

• FBE Limited pays $51.5M to Laurence Kramer for possible dev site in Jamaica (November 11, 2022)

• FBE Limited pays $40.5M to Signature Investment Group for vacant lot in Mill Basin (November 02, 2022)

• Fruchthandler family’s FBE Limited sells Flatbush shelter for $45.9M, up from $31M in 2016 (November 01, 2022)

Properties:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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