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

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

TRD New York /
Aug.August 07, 2015 11:53 AM

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.

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

 

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