John Gore Org. pays $28.8M to Mack Real Estate for 6 condo units in Brill Building in Midtown West

The Manhattan-based national live theater production company John Gore Organization through the entity John Gore Brill Holdings, LLC paid $28.8 million to Mack Real Estate Group through the entity 1619 Broadway Realty LLC for five floors and lobby space, each its own condominium unit, at the landmarked Brill Building at 1619 Broadway in Midtown West, Manhattan. The expected use is owner-occupied.

The five floors are 7 through 11 with each about 12,300 square feet except the 11th floor, the highest floor in the building, which is 6,300 square feet, for a total of about 55,500 square feet. In addition, the purchase includes about 1,160 square feet of lobby space on the ground floor.
The deal closed on June 16, 2025 and was recorded on June 24, 2025. The sale price per built square foot is about $508 per foot, according to the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Mack Real Estate Group was Priyanka Garg . The signatory for John Gore Organization was company CEO John E. Gore. The contract date was April 14, 2025.

Earlier this month, The Real Deal reported Mack was offering the retail portion of the building for sale.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer John Gore Organization had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Mack Real Estate Group purchased one property in one transaction for a total of $216.1 million and had not sold any properties over the same time period.

The block

On the tax block of 1619 Broadway, PincusCo has identified the owners of five of the 14 commercial properties representing 859,861 square feet of the 1,554,771 square feet. The largest owner is Avalonbay Communities, followed by Mack Real Estate Group and then Brack Capital Real Estate.
There are no active new building construction projects on this tax block.

The majority, or 37 percent of the 1.6 million square feet of built space are elevator buildings, with office buildings next occupying 37 percent of the space.

The seller

The PincusCo database currently indicates that Mack Real Estate Group owned at least 47 commercial properties with 979 residential units in New York City with 1,620,232 square feet and a city-determined market value of $391.9 million. (Market value is typically about 50% of actual value.) The portfolio has $792.2 million in debt, with top three lenders as UBSCM 2018-NYCH, Wells Fargo, and Apollo Global Management respectively. Within the portfolio, the bulk, or 26 percent of the 1,620,232 square feet of built space are hotel properties, with walkup properties next occupying 25 percent of the space. The bulk, or 62 percent of the built space, is in Manhattan, with Queens next at 21 percent of the space.

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