B+B Capital, partners to buy Brill Building for nearly $300M

Allied Partners, Brickman paid $185.5M for property at 1619 Broadway in 2013

Brill Building at 1619 Broadway in Midtown (inset: Ilan Bracha)
Brill Building at 1619 Broadway in Midtown (inset: Ilan Bracha)

The center of American pop music from the 1930s into the 1970s, the famed Brill Building, is in contract, and not for a song.

The 11-story building is in contract to sell for $295 million to Brill Holdings, a partnership of Ilan Bracha’s B+B Capital, Israeli firm Fox-Wizel, and landlords Conway Capital and Schottenstein Realty.

B+B founder Bracha, who is also co-founder of Keller Williams NYC, represented Brill Holdings. Richard Baxter and Ron Cohen of JLL represented the sellers, Allied Partners and Brickman, the Commercial Observer reported.

The 175,000-square-foot building at 1619 Broadway between 49th and 50th streets, just north of the equally-legendary Tin Pan Alley, was home to a staggering number of America’s greatest songwriters and performers.

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Carole King, Duke Ellington, Phil Spector, Paul Simon and Dionne Warwick were among the artists who performed at the property.

Allied Partners and Brickman bought “the Brill” in 2013 for $185.5 million. The partnership marketed the basement and first three floors of the building as a retail condo for $225 million.

Only two tenants currently occupy the building. [NYO] Ariel Stulberg