B+B Capital sheds Chelsea development site for $23M

An Italy-based construction services company has purchased a development site in Chelsea from B+B Capital for $23 million in a deal that won’t disrupt plans for an 11-story condominium building on the property, which features about 24,000 buildable square feet.

Pizzarotti IBC expects to go ahead with B+B Capital’s plans to build a condo tower on the site, located at 251 West 14th Street between Seventh and Eighth avenues.

The building, initially designed by ODA Architecture, is expected to have 11 full-floor units ranging from 1,700 square feet to 2,500 square feet, the New York Observer reported...[READ MORE]

Gloria Vanderbilt’s former UES mansion hits market for $59M

A Gilded Age mansion on the Upper East Side that was once home to heiress and socialite Gloria Vanderbilt, mother of Anderson Cooper, listed for $59 million.

The building at 39 East 72nd Street is currently configured as five apartments, but owners B+B Capital and Mink Development have plans to convert it to a single family. CetraRuddy has been hired for the conversion, according to the New York Daily News. The finished product would be an 11-bedroom, 10-bathroom home with two terraces, located just one block from Central Park... [READ MORE]

New cantilevered 14th St. tower to debut this fall with prices starting at $3M

These condos look a little top-heavy.

A quirky new 11-story tower whose penthouse cantilevers over some of 14th St.'s nearly century-old tenements is set to launch sales this fall, its developers told the Daily News.

The new building, at 251 W. 14th St. just slightly east of Eighth Ave., will replace a faded four-story property that was built in the 1920s. Developer B+B Capital, headed by Ilan Bracha and Haim Binstock, snagged the site for $7.5 million last year from the Church of Our Lady of Guadalupe... [READ MORE]

What Could Have Been: 16 West 57th Street

Yesterday, Katherine Clarke at the Daily News broke the latest on 16 West 57th Street, which has been acquired by a group of Brazilians for $95 million. While renderings of the project have not yet been released, YIMBY has a first look at the most recent plans for the site, which come from developer B+B Capital.

Air rights total approximately 100,000 square feet, and the mid-block project is located on the prime 57th Street corridor, between Fifth and Sixth Avenues. While several supertalls are rising along the thoroughfare, 16 West 57th will be of a smaller scale, closer in size to the recently completed Viceroy, one block to the west.

Still, plans will apparently include condominiums above the hotel, so views may be a driving force behind the ultimate design. Unfortunately, the site is directly across the street from the Solow Building — which stands 689 feet tall — and barring a miracle of engineering, it will be impossible for residences to reach a height that would award Central Park panoramas.

The stretch of 57th between 5th and 6th Avenues has been quiet until recently, but several projects are on the near horizon. Across the street from 16 West 57th... [READ MORE]

B+B Capital picks up $10M condo at 377 Broadway

Real estate investment and development firm B+B Capital, founded by Keller Williams NYC co-founders Ilan Bracha and Haim Binstock, picked up a three-level retail condominium at 377 Broadway for $10 million.

The 15,000-square-foot property, purchased from private equity fund Cooper Investment Partners, is rumored to be the possible location of Keller Williams New York’s Downtown office, a source told The Real Deal.

Bracha, acting as a KWNYC broker, represented the buyer in the transaction, while Amir Aframian and Edan Cohen of EPIC Commercial Realty represented the seller...[READ MORE]

B+B Capital picks up $10M condo at 377 Broadway

Real estate investment and development firm B+B Capital, founded by Keller Williams NYC co-founders Ilan Bracha and Haim Binstock, picked up a three-level retail condominium at 377 Broadway for $10 million.

The 15,000-square-foot property, purchased from private equity fund Cooper Investment Partners, is rumored to be the possible location of Keller Williams New York’s Downtown office, a source told The Real Deal.

Bracha, acting as a KWNYC broker, represented the buyer in the transaction, while Amir Aframian and Edan Cohen of EPIC Commercial Realty represented the seller.

“377 Broadway is located in an evolving neighborhood that is becoming hotter by the minute, making this property an attractive investment opportunity,” Bracha said in a statement. “This neighborhood south of Canal Street continues to evolve with a number of new developments and storefronts. The area is still in its infancy... [READ MORE]

Investor team snags Vanderbilt townhouse for $19M

B+B Capital, a real estate investment company co-founded by Keller Williams New York brokers Ilan Bracha and Haim Binstock, has partnered with Mink Development to purchase Gloria Vanderbilt’s former townhouse at 39 East 72nd Street for $19 million.

The six-story Upper East Side landmark, purchased from the Mangold family, which has owned the property since the 1960s, will be reconfigured by the developer team as floor-through condominiums. The project marks the first partnership for the duo.

“We are in the process of selecting an architect for this very special residential building,” Bracha said in a release from B+B. Keller Williams New York was not involved in the sale, a B+B Capital spokesperson told The Real Deal.

Built in 1881, the 27-foot-wide, 14,000-square-foot building currently boasts 18-foot ceilings and an elevator, and is divided into five residences... [READ MORE]

Details Revealed For Several New South Williamsburg Projects

[CURBED] by Jessica Dailey

The Dutch-inspired, Chinese-owned, long-in-the-works luxury development at 429 Kent Avenue, aka the Oosten, is far from the only new project rising in South Williamsburg. The neighborhood, generally considered to be south of Grand Street, is seeing something of a development boom. Several new residential buildings have opened in the last few years, and many more are on the way. There's the Domino megaproject, of course, but stories in the Post and Brownstoner reveal details about a few lesser-known developments as well. First up: 433 Kent Avenue, a huge eight-building project bound by Wythe Avenue and South 9th and South 11 streets. 'Stoner spotted the above schematic drawing on the site's construction fence. The seven-story development is rising directly next to 429 Kent, and it will bring an additional 188 units to the market. Construction is well underway, but the a Stop Work Order currently exists on the property.

Here's what the Post reveals:

B+B Capital's planned six-stpry building at 200 South Third Street will have 25 to 30 condos, and it should be complete by fall 2015.... [READ MORE]

South Williamsburg grows up

[NEW YORK POST] By Max Gross

“I would say the neighborhood has changed more in the last eight to nine months than in the last eight years.”

So declares South Williamsburg resident Sarah Natkins, who moved to her apartment on Wythe and South Eighth Street back in 2006.

Indeed, if you had snooped around south of Grand Street (the dividing line between North and South Williamsburg) just a year ago, the neighborhood might have seemed a trifle barren — at least on certain blocks.

But the keen observer would have noticed something important: lots of holes in the ground. Today, many of those holes are filled in. And just as quickly as they’re filled in, new holes are being added.

A couple of blocks from Natkins’ apartment, a 16,000-square-foot gourmet supermarket, Urban Market, opened its doors in December — a big deal for a neighborhood whose grocery needs were seriously unmet. It’s connected to a rental building, 15 Dunham Place, where remaining one-bedrooms trade at north of $3,000 per month. And for any budding families, just a block or so down Kent Avenue is a Montessori nursery and preschool, which opened in January.... [READ MORE]