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Deals & Dealmakers

FBE Limited buys UWS residential buildings for $52M

FBE Limited has bought a package of four Upper West Side residential buildings for $51.9 million.

The deal, which was announced by Eastern Consolidated, covers a portfolio of six-story elevator buildings at 60-68 West 107th Street. The seller was Suehar Associates.

“These four buildings have been under the same ownership for over six decades, and are located in an area where rent growth continually outperforms other markets,” said Eastern Consolidated’s Matt Sparks, who represented Suehar in the transaction.

The properties, which are near Central Park and Morningside Park, have 100,000 s/f of space and contain 100 apartments. Out of that total, 75 are three-bedroom units while 25 are two-bedroom units.

Last December, FBE head Abraham Fruchthandler bought a nine-story building at 2520 Tilden Avenue in Bushwick for $31 million.

Eastern Consolidated’s Ron Solarz procured the buyer.

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