The Real Deal New York

Barnett plans $535M sellout for UES condo project

Extell to develop 104-unit building at East 95th Street and Third Avenue

May 03, 2016 01:30PM
By Rich Bockmann

From left: Gary Barnett and 200 East 95th Street in Yorkville

From left: Gary Barnett and 200 East 95th Street in Yorkville

The man whose name has become synonymous with the city’s glitziest billion-dollar condominium projects is eyeing something a bit more modest for his latest development – one that’s been more than a decade in the making.

Gary Barnett is aiming for a $535 million sellout for his latest condo development at 200 East 95th Street in Yorkville, according to a condo plan filed with the state Attorney General’s office. His firm Extell Development began assembling the site for the development, dubbed the Kent, back in 2004 with the purchase of a pair of walk-ups on Third Avenue between East 94th and 95th streets.

He added the last piece of the puzzle in 2013 and later the next year filed plans to build a 23-story building standing 260 feet tall and spanning 190,000 square feet.

The building will include 104 residential units, 61 storage units and one commercial unit, according to the condo plan.

The plan, which was reviewed and accepted in April, lists a total sellout price of $535.34 million – a modest figure by a long shot compared to some of Barnett’s other projects.

A representative for Extell could not be immediately reached for comment.

The AG’s office last year accepted the Extell chief’s $2.1 billion condo plan for his 80-story, 815-unit condo tower at 252 South Street on the Lower East Side.

And at his Central Park supertall tower, Barnett had been eyeing a $4.4 billion, but withdrew the condo plan as he searches for a capital partner.

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