The Real Deal New York

Brack sells 59th Street retail condos for $23M

Space includes 100-plus feet of prime frontage

March 31, 2014 01:50PM
By Hiten Samtani

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The retail space at 555 West 59th Street

The retail space at 555 West 59th Street

Brack Capital Real Estate has sold three retail condominiums at the base of a West 59th Street condo building for $23 million, according to property records filed with the city today. Cohen Equities, headed by Meir Cohen, bought all three 555 West 59th Street spaces, which total 5,083-square-foot on the ground floor in the 186-unit condo building.

The retail space contains over 100 feet of frontage on 59th Street West End and Amsterdam Avenue and is located across the street from John Jay College of Criminal Justice’s new campus, according to marketing materials from Winick Realty, which marketed the space.

The deal closed March 20, according to city records. Representatives for Cohen and Brack couldn’t immediately be reached for comment, and Winick’s Steven Baker, Charles Rapuano and Sam Mann didn’t respond to requests for comment.

The transaction comes just a few months after another big sale by Brack. In December, the firm sold the Greystone, a 362-unit Upper West Side rental building at 212 West 91st Street to Acuity Capital Partners for $139.1 million.

Meanwhile, Cohen is also a principal at C&K Properties, which owns several Manhattan commercial properties, including 1710 Broadway and 519 Broadway, and once held the leasehold interest in the 1.2 million-square-foot Pier 40 on the Far West Side.

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