Let A be a Noetherian local ring with the maximal ideal and an -primary ideal J. Let S=⨁n≥0Sn be a finitely generated standard graded algebra over A. Set S+=⨁n>0Sn. Denote by FJ(S)=⨁n≥0→(Sn/JSn) the fiber cone of S with respect to J. The paper characterizes the multiplicity and the Cohenx2013;Macaulayness of FJ(S) in terms of minimal reductions of S+.