FBE Limited Acquires Development Site In Washington Heights For $26M

The development site located at 4650 Broadway in New York's Washington Heights neighborhood has been sold for $26,000,000. The property spans a total lot size of 47,175 square feet and has a total rentable building square footage (RBSF) of 87,282 square feet. Additionally, the property has a commercial floor area (CF BSF) of 231,637 square feet.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $26,000,000
• Lot Size: 47,175 square feet
• RBSF: 87,282 square feet
• CF BSF: 231,637 square feet

The seller of the property was Acadia Realty Trust, represented by Kenneth Bernstein, Joel Braun, and Christopher Conlon. On the other hand, the buyer of the property was FBE Limited, represented by Abraham Fruchthandler.