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.
The Mangold family first listed the property in 2012 for $25 million, as The Real Deal reported at the time. After broker switches and being put on — and pulled off — the market several times, the townhouse went into contract in March. [NYO] — Julie Strickland