FBE Limited

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FBE Limited portfolio

$243.8 million* – condo 52.0%, elevator 29.0%; Brooklyn 49.0%, Manhattan 47.0%

253th largest portfolio by dollar value

1,457,157 sqft – condo 46.0%, elevator 41.0%;

227th largest by SF

35 properties – Brooklyn 68%, Manhattan 20%

280th largest

1,397 residential units – Brooklyn 61.0%, Manhattan 38.0%

172th largest by residential units

Company Activity past 24 months:

Seller company: 1 for $40.1 million

Borrower company: 2 for $54.5 million

Top Ten Associated Companies:

Signature Bank (12), Mendel Kaff (3), E&M Associates (3), LIHC Investment Group (2), Signature Investment Group (2), Gagliano family (2), FBE Limited (1), RBH Group (1), Laurence Kramer (1), Valley National Bank (1)

Top Ten Associated People:

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

Recent activity as company:

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 January 27, 2025.

FBE Limited borrowed $30.8 million from JLL for 9720 Kings Highway, Brownsville, Brooklyn on March 13, 2024.

FBE Limited borrowed $23.7 million from Webster Bank for 781 Washington Avenue, Crown Heights, Brooklyn on November 27, 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 January 06, 2023.

FBE Limited borrowed $29 million from Cross River Bank for 1120 St Johns Place, Crown Heights, Brooklyn on December 07, 2022.

Mendel Kaff sold 781 Washington Avenue, Crown Heights, Brooklyn for $30.5 million to FBE Limited on December 06, 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 November 10, 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 November 10, 2022.

FBE Limited borrowed $28.5 million from Signature Bank for 2124 Mill Avenue, Mill Basin, Brooklyn on November 01, 2022.

Signature Investment Group sold 2124 Mill Avenue, Mill Basin, Brooklyn for $40.5 million to FBE Limited on November 01, 2022.

Latest Stories:

• 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)

• LIHC acquires interest from partners Cammeby’s, FBE valued at $84.9M for three walkups with 263 units in Williamsburg (August 19, 2022)

Properties:

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*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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