Brack Capital Real Estate | The Real Deal New York

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Brack Capital Real Estate

885 Third Avenue, 24th Floor
New York, NY 10022
(212) 308-7200
Website
ruma@brack-capital.com

02/10/17
...said it could sell for north of $60 million. Brack Capital Real Estate converted the former Tiffany & Company headquarters into 35 condos and four retail units after...

01/09/17
...for quicker assembly. CitizenM’s hotel, co-owned by Brack Capital Real Estate , is expected to take three to four months to finish, compared to six to...

12/30/16
...plans stalled during the financial crisis. Shai Shamir's Brack Capital Real Estate, a Dutch investment and development firm, paid $105 million for the property, also known as...

12/05/16
...by Starwood Property Group alums, is also lending Brack Capital Real Estate $82.5 million for its $327 million condo conversion at 627 Greenwich Street. Representatives from the Chetrit Group...

10/18/16
...Greenwich Street UPDATED, 4:14 p.m., Oct. 18: Shai Shamir's Brack Capital Real Estate obtained an $82.5 million construction loan from Acore Capital for a planned condominium conversion project...

09/02/16
...Prudential acquired the property in 2013 for $83.4 million from Brack Capital Real Estate, which developed it in 2010. The 20-story hotel, located at 27 Grand Street, also has frontage...

12/08/15
...West has filed a $5 million lawsuit against developer Brack Capital Real Estate eight years after the building first launched sales, alleging that the firm did not...

09/22/15
...will house three commercial units. Isaac Hera’s Brack Capital Real Estate, a Dutch investment and development firm, paid $105 million for the property in late 2014. But...

02/19/15
...base of Hotel Indigo, a 24-story project that Brack Capital Real Estate is developing on the Lower East Side, as The Real Deal reported. The new...

08/13/14
...located at 627 Greenwich Street, was recently purchased by Brack Capital Real Estate, a Dutch investment and development firm, for around $105 million. The building, along with an...

06/17/14
...million sale of 720 West End Avenue to developer Brack Capital Real Estate. The Salvation Army has agreed to pay moving costs and forego a rent increase...

05/27/14
...as a gym and bike storage. From 2007 to 2009, Brack Capital Real Estate Group acquired the row of old buildings that will provide the space for the...

03/31/14
...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...

01/10/14
...into a hotel. In 2011, a joint venture between Brack Capital Real Estate and IHG bought the property for $46 million and announced plans to build a 290-room...

12/23/13
...Greystone at 212 West 91st Street and Aaron Jungreis Brack Capital Real Estate has sold the Greystone, a 362-unit Upper West Side rental building, for $139.1 million, the...

05/02/13
...close to $85 million, according to its former owner Brack Capital Real Estate. The 20-story, 114-room property debuted in 2010, and is managed by Denihan Hospitality Group. The...

01/31/13
...property will contain 290 rooms, is being developed by Brack Capital Real Estate with Intercontinental Hotels Group, which purchased the site for $46 million in 2011. The development had...

01/28/12
...The sale of two units at Brack Capital Real Estate’s condominium conversion at 15 Union Square West may be set to shatter records for...

05/19/11
...Brack Capital Real Estate, the developer behind the James New York, the Olcott and 15 Union Square West, has...

05/18/11
...Foundation. The event, hosted by Avenue magazine, developer Brack Capital Real Estate and building marketing team Brown Harris Stevens Select, was put on in conjunction with...

01/24/11
15 Union Square West, and CBRE's Bill Shanahan and Darcy StacomBrack Capital Real Estate USA has sold the retail portion of its residential development at...

11/12/10
218-222 West 50th StreetBrack Capital Real Estate has joined a European hotel partner to develop a 78,000-square-foot hotel at 218-222 West 50th Street in Times...

03/03/09
...Brack Capital Real Estate sold a newly opened Midtown South hotel to RLJ Development for $121.2 million.The sale...

10/30/08
...Developer Brack Capital Real Estate is working with residents who live near the former Moondance Diner site, on Sixth...

09/26/08
...the former Moondance Diner at 27 Grand Street. The Brack Capital Real Estate...
  • Event Financing
  • Address 627 Greenwich Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 82,500,000
notes
The company secured a $82.5 million loan.
  • Event Sales
  • Address 627 Greenwich Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 106,000,000
  • Event Sales
  • Address 212 West 91st Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 139,050,000
notes
The Greystone sold for $139.05 million.
  • Event Sales
  • Address 27 Grand Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 70,000
  • Price $ 85,000,000
  • Price per foot $ 1,214.29
notes
The James Hotel sold for about $85 million. The property debuted in 2010 and is managed by Denihan Hospitality Group. The hotel is home to the famed restaurant of star chef David Burke. Denihan will continue to manage the hotel and operations will remain unchanged under the property's new ownership, according to the seller.
  • Event Sales
  • Address 180 Orchard Street
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Price $ 46,000,000
notes
The property sold for $46 million. BCRE will own 51 percent of the shares in the joint venture, while IHG will own the remaining 49 percent. The buyers plan to develop a 290-room Hotel Indigo on the site with a retail component.
  • Event Sales
  • Address 15 Union Square West
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 14,494
  • Price $ 57,880,000
  • Price per foot $ 3,993.38
notes
The retail portion of the residential building sold for $57.88 million. Three of the four units are leased: one to HSBC Bank, one to Lululemon Athletica and another to Sketchers.
  • Event Sales
  • Address 63 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 121,200,000
notes
The recently opened hotel sold for $121.2 million. The sale had gone into contract in January 2008. Brack Capital bought the original site, a six-floor parking garage, in 2007 from Icon Parking for $31 million, and developed the hotel. The hotel had a soft opening on Feb. 26 and officially opened March 1.
  • Event Sales
  • Address 230 Riverside Drive
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Square feet 183,200
  • Price $ 41,400,000
  • Price per foot $ 225.98
notes
Alexico purchased nearly half of a 261-unit condo conversion for $41.4 million, paying prices ranging from $137,000 to $555,000 for each home.
  • Event Sales
  • Address 185 Bowery
  • Neighborhood Lower East Side
  • Borough Manhattan
  • Square feet 7,400
  • Price $ 8,000,000
  • Price per foot $ 1,081.08
notes
The current site of a century-old, four-story commercial townhouse sold for $8 million. Brack Capital has now assembled four adjacent lots near Spring Street, with addresses at 187, 189 and 191 Bowery.
  • Event Sales
  • Address 27 Grand Street
  • Neighborhood Soho
  • Borough Manhattan
  • Price $ 33,300,000
notes
The former site of the Moondance Diner sold for $33.3 million. The 11,300-square-foot property is a collection of three lots bordered by Sixth Avenue and Thompson Street. The buyer plans a 114-room boutique hotel for the site, which can support 55,000 square feet of floor space as of right. It had previously been reported that the site would be used for a luxury apartment building.
  • Event Sales
  • Building Name 63-67 West 35th Street
  • Address 67 West 35th Street
  • Neighborhood Garment District
  • Borough Manhattan
  • Price $ 31,000,000
notes
The parking garage sold for $31 million. The property is slated to be redeveloped into an upscale 300-room hotel.
  • Event Sales
  • Address 63-67 West 35th Street
  • Neighborhood Midtown
  • Borough Manhattan
  • Price $ 31,000,000
  • Event Sales
  • Address 15 Union Square West
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 81,000
  • Price $ 80,000,000
  • Price per foot $ 987.65
notes
The building, built in 1870 as the home of Tiffany and Co., sold for $80 million, or approximately $988 per square foot. It will be redeveloped into luxury condominiums.
  • Event Sales
  • Address 95 Morton Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 202,000
  • Price $ 68,000,000
  • Price per foot $ 336.63
notes
First NYC buy for Dallas-based co.
Manhattan, 10018
GARDEN 35TH STREET, LLC
...
Manhattan, 10014
627 GREENWICH OWNER L
...
Manhattan, 10003
Brack Capital Real Estate
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Manhattan, 10019
Brack Capital Real Estate
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Manhattan, 10006
B.C.R.E. - 90 WEST ST
...
Manhattan, 10025
ROC-RIVERSIDE ASSOCIATES, LLC
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Manhattan, 10016
240 EAST 27TH STREET OWNER LLC
...

12/30/16
...plans stalled during the financial crisis. Shai Shamir's Brack Capital Real Estate, a Dutch investment and development firm, paid $105 million for the property, also known as...
Manhattan, 10025
ROC-RIVERSIDE ASSOCIATES, LLC
...
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