Brack Capital closes on 627 Greenwich Street for $106 million

Brack Capital Real Estate (BCRE) has closed on 627 Greenwich St., a 12-story commercial building in the West Village, for $106 million. "It is extremely rare to find a vacant building of this size in the West Village," said Issac Hera, CEO of BCRE. "We are extraordinarily particular about the properties we invest in, considering not only their location, but also their development potential. Fundamentally, this building has great attributes, which lends itself to limitless opportunities." 627 Greenwich St. is a 106,400 s/f vacant building located between Leroy and Morton Sts. BCRE is a worldwide real estate investment and development company active in large-scale international real estate investment, development, and M&A activities. The company's New York projects include citizenM Hotel at 218 West 50th St; The Indigo Hotel at 180 Orchard St.; 189 Bowery St.; 15 Union Sq. West; 90 West St.; the Element at 555 West 59th St.; The Olcott at 27 West 72nd St.; The Hilton Garden Inn at 63 West 35th St.; and The James New York Hotel at 27 Grand St.