The Real Deal New York

Posts Tagged ‘extell development’

  • carlton

    21 East 61st Street

    A six-bedroom penthouse co-op at the Carlton House asking $65 million entered contract with an undisclosed buyer, according to StreetEasy data. [more]

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  • Nordstrom Tower drawings

    Nordstrom Tower drawings

    New drawings reveal that Extell Development’s Nordstrom Tower at 225 West 57th Street would be the world’s tallest residential building — if the project proceeds as planned. [more]

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  • 21 East 61st Street

    21 East 61st Street

    Extell Development is looking to shatter the record for the city’s priciest ever “white box” sale with a $65 million, 10,000-square-foot unfinished limestone townhouse on East 61st Street at Madison Avenue.

    The pricey pad at 21 East 61st Street is completely raw, with no walls, paint or even a toilet, according to the New York Daily News. A grand spiral staircase will link the floors, however, and the property boasts 5,000 square feet of outdoor space. The buyer will also have access to amenities at the Carlton House cond-op next door, which include a 65-foot indoor pool, fitness center, game room and concierge. [more]

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  • Barnett-Westbourne-Malone-New

    From left: Gary Barnett, 601-611 West 137th Street (Photo credit: PropertyShark) and Georgia Malone

    A New York State appellate division panel rejected what was likely Extell Development’s last effort to pay a much lower commission rate on a $66 million, five-building portfolio sale in Hamilton Heights from 2012. [more]

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  • OurLadyVilniusExt_tmb

    Our Lady of Vilnius

    Condo developer Agime Group LLC has plunked down nearly $31 million for adjacent lots in the Hudson Square area – including a shuttered church that Gary Barnett’s Extell Development bought last year. According to property records, Agime paid Extell $18.4 million for the lot at 568 Broome Street, site of Our Lady of Vilnius, which Extell acquired last year for $16.5 million. Agime also bought the adjacent walkup at 572 Broome Street for $12.3 million from seller Linda Sousa, according to property records. Sousa inherited the brick walkup from her aunt and uncle, who bought the building 1955 for $18,500, according to a 2006 article in The New York Times. [more]

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  • From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    Extell Development’s Lower East Side project has come under fire for promoting what some residents call “economic segregation.” [more]

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  • From left: Andrew Cuomo, One57, Gary Barnett and Glenwood's Leonard Litwin

    From left: Andrew Cuomo, One57, Gary Barnett and Glenwood’s Leonard Litwin

    Governor Andrew Cuomo has become the biggest beneficiary of a loophole in New York State’s campaign finance regulations that allows businesses and individuals to donate large amounts of money to politicians. The lion’s share of the donations appears to be coming from real estate developers. [more]

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  • From left: John Lam and 112 West 25th Street

    From left: John Lam and 112 West 25th Street

    Antiques Garage, a 20-year-old flea market in Chelsea, is making way for a  new development. [more]

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  • From left: 1681 and 1683 Third Ave, the block between 44th and 45th streets and Gary Barnett

    From left: 1681 and 1683 Third Ave, the block between 94th and 95th streets and Gary Barnett

    Extell Development appears to be moving forward with development of a Third Avenue block between 94th and 95th streets. On June 11, Helwal Engineering filed for a permit to demolish 1681 and 1683 Third Avenue, two of Extell’s holdings along the Upper East Side strip, city records show. [more]

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  • Sales slow amid luxury condo glut

    June 13, 2014 12:40PM
    From left: 157 West 57th Street and 432 Park Avenue

    From left: 157 West 57th Street and 432 Park Avenue

    Has the supply of New York’s high-end condominiums finally outpaced billionaires’ appetite to buy?

    Sales are slowing at the city’s priciest new developments, a sign that the supply of luxury units has finally caught up with demand, according to the New York Daily News. [more]

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  • gary_barnett.jpg

    Gary Barnett

    Documents filed with Community Board 3 show that Extell Development plans to build a 205-unit affordable tower as part of a larger mixed-use project at 229 Cherry Street.

    Extell, headed by Gary Barnett, filed the plans in preparation for its public briefing with the board’s land use committee on Wednesday, June 18.

    The filings show the large complex will include three structures. A mixed-use building – designed by Adamson Associates — will feature apartments, retail and parking. [more]

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  • 34-Barnett-Solarz

    From left: 34 West 17th Street, Gary Barnett and Ron Solarz

    Gary Barnett’s Extell Development is soliciting buyers for a small office building near Union Square, the first property in the 14-building Ring portfolio to hit the market since Extell took control of the portfolio last year. [more]

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  • One57 condo goes for $19M

    June 09, 2014 10:27AM
    Rendering of 157 West 57th Street

    Renderings of 157 West 57th Street (Photos by Evan Joseph)

    A couple currently residing at Columbus Circle shelled out $19 million last month to snag a condo a few blocks away at One57, city records show. [more]

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  • Sitt-220-W-57

    Joe Sitt and 218-220 West 57th Street (Photo credit: PropertyShark)

    The retail-focused Midtown investment firm Thor Equities is in contract to buy a four-story retail building across the street from Extell Development’s 1,550-foot tall skyscraper that is set to be home to the city’s first Nordstom on a rapidly transforming stretch of 57th Street. [more]

    3 Comments
  • 157 West 57th Street

    157 West 57th Street

    Another unit at One57 has sold for a hefty price. [more]

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  • Extell sells One57 pad for $30.6M

    May 12, 2014 01:39PM
    Gary Barnett and One 57

    Gary Barnett and One 57

    Another day, another bumper sale at Gary Barnett’s One57. Barnett’s firm, Extell Development, pocketed $30.6 million for a sponsor unit on the 58th floor of the glassy tower, according to property records filed with the city on Monday.

    The 4,483-square-foot pad has four bedrooms and 4.5 bathrooms, according to Extell’s condominium offering plan. The unit was most recently listed at $32.4 million, or about $7,227 per square foot. [more]

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  • A rendering showing the expansive views from a One57 apartment

    A rendering showing the expansive views from a One57 apartment

    From the May issue: Gary Barnett’s One57 is the most talked-about residential project to hit the city since 15 Central Park West. But while it may be providing juicy, of-the-moment fodder for the industry, the land for the 90-story skyscraper took a decade for Barnett and his team at Extell Development Company to assemble. [more]

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  • 62a

    From left: 157 West 57th Street, Brenda Powers and Elizabeth Sample

    A day after the $31.7 million sale of a three-bedroom condominium at Extell Development’s One57 hit property records, the sponsor unit is once again fair game and on the market for a price nearly $10 million higher, according to StreetEasy data. [more]

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  • 220-CPS2

    From left: 217 West 57th Street, 220 Central Park South and another view of 217 West 57th Street (credit: Andrew McKeon)

    WEEKENDEDITION Excavation is now fully underway at both Extell‘s 217 West 57th Street and Vornado’s 220 Central Park South. [more]

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  • From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett

    From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett

    Gary Barnett’s Extell Development closed on a $410 million refinancing of the Ring portfolio, according to property records filed with the city this morning. Extell borrowed a further $95 million on the properties from Deutsche Bank, following a $315 million loan it received from the bank in January. [more]

    4 Comments
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