Fruchthandler buys pair of Bronx buildings for $88M

Abraham Fruchthandler bought a pair of multifamily buildings in the Castle Hill section of the Bronx for $88 million. The two buildings, which are completely free-market and sit on one tax lot, represent the priciest single-asset sale in the Bronx more than six years. Fruchthandler’s FBE Limited bought 10-story, 1970s-era buildings at 2001-2045 Story Avenue from the Related Fund Management, the asset-management arm of the Related Companies, sources told The Real Deal. The purchase price […]

source https://therealdeal.com/2019/04/12/fruchthandler-buys-pair-of-bronx-buildings-for-88m/

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