The Real Deal New York

Extell plans 18-story Midtown resi building

New 41-unit structure would replace one with 122 units

November 12, 2015 02:00PM
By Ariel Stulberg

Gary Barnett and 134 West 58th

From left: Gary Barnett and 134 West 58th Street in Midtown

Gary Barnett’s Extell Development is planning a new 18-story residential building just south of Central Park, according to a permit application filed with the city Thursday.

The new structure at 134 West 58th Street will house 41 residential units in just over 52,000 square feet of space.

Issac & Stern Architects is serving as the architect of record. 

The units will be distributed like this: two apartments on the first floor, three each on the second through 12th floors and just one large unit apiece on the 13th through 18th floors. The building will also have a rooftop recreation space, the filing shows.

An LLC affiliated with Extell bought the 15-story, 121-unit rental building in 2008 for $39 million. All the residential space in the building spans about 60,000 square feet, meaning units there average about 502 square feet. Units at the new building will average 1,268 square feet.

A representative for Extell could not be reached for comment.

Extell had also been in talks to buy an adjacent lot at 123-141 West 57th Street, the site of the Calvary Baptist Church and the Salisbury Hotel, Crain’s reported in May. That property has 241,000 square feet of available air rights. Extell’s filing suggests those discussions may have fallen through.