News Column

B+B Capital Purchases Corner Retail Condo at 377 Broadway

June 25, 2014



NEW YORK--(BUSINESS WIRE)--

B+B Capital, a real estate investment and development firm co-founded by Ilan Bracha and Haim Binstock, announced its purchase of a three-level corner retail condo at 377 Broadway, an 11-story low-rise building located in Manhattan’s TriBeCa neighborhood. B+B Capital purchased the roughly 15,000-square-foot retail condo from Cooper Investors Inc. Bracha New York at Keller Williams NYC represented the buyer and EPIC Commercial Realty represented the seller in the transaction.

Ilan Bracha, co-founder and managing director of B+B Capital (Photo: Business Wire)

Ilan Bracha, co-founder and managing director of B+B Capital (Photo: Business Wire)


Built in 1920, the building is situated on a prime corner on Broadway and White Street on the triangle below Canal Street. The retail condo space is spread across three levels with approximately 4,500 square feet of space on the ground floor, 1,200 square feet on the mezzanine level and 9,600 square feet on the lower level.

“377 Broadway is located in an evolving neighborhood that is becoming hotter by the minute, making this property an attractive investment opportunity,” said Ilan Bracha, co-founder and managing director of B+B Capital. "This neighborhood south of Canal Street continues to evolve with a number of new developments and storefronts. The area is still in its infancy but will continue to grow over the next couple of years.”

The 377 Broadway building features an elegant sandstone faÇade with ornate European-style stonework carvings, moldings and high arched windows. The property is centrally located to a number of public transportation options, including the 4,6, J, N, Q and R subway lines at Canal Street.

Bracha added, “B+B Capital continues to focus on acquiring properties situated in prime locations in New York City. 377 Broadway’s corner location in an up-and-coming neighborhood made it a must-buy investment property.”

About B+B Capital

B+B Capital is a full-service real estate investment company that owns, develops and manages residential and mixed-use properties throughout New York City and in parts of New Jersey. The company’s co-founders, Ilan Bracha and Haim Binstock, have a combined total of over 40 years experience in the real estate industry. Their unparalleled knowledge of the market grants them leverage in timely investments and swift executions of deals. For more information on B+B Capital, please visit www.b-bcapital.com.





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Source: Business Wire


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