The Real Deal New York

Posts Tagged ‘extell development’

  • Bill Ackman One57 Gary Barnett

    From left: Bill Ackman, One57 (Credit: Evan Joseph/Extell Development) and Gary Barnett

    A group of investors led by billionaire hedge fund manager Bill Ackman closed on unit 75 at Extell Development’s One57 for $91.5 million, making it the city’s second most expensive closed apartment sale ever, according to property records filed with the city Thursday. [more]

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  • Two Bridges Project

    From left: On-site rendering of 250 South Street and Gary Barnett (credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development is looking to downsize the scope of its proposed tower at 250 South Street in Lower Manhattan.

    The developer is looking to change the height of the building on the former Pathmark site to 56 stories from 71, which comes down to roughly 100 feet, according to Bowery Boogie. The building will include 646 residential units across more than 748,000 square feet, according to the website. [more]

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  • 157 West 57th Street in Midtown

    157 West 57th Street in Midtown (credit: Lenny Spiro)

    A condo in Extell Development’s One57 sold for $30 million to a buyer named Dojiang Li, according to property records filed with the city today. [more]

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  • 21 East 61st Street in Lenox Hill (inset: Fernando Chico Pardo)

    21 East 61st Street in Lenox Hill (inset: Fernando Chico Pardo)

    A buyer under the company name Naps Holding Inc., which is affiliated with investor Fernado Chico Pardo, paid $23.4 million for a co-op at Extell Development’s the Carlton, according to property records filed with the city today. [more]

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  • One57 and Gary Barnett

    One57 in Midtown (inset: Gary Barnett)

    Gary Barnett’s Extell Development was hit with a stop-work order at One57 after a 4-by-4 sheet of plexiglas fell from the building over the weekend, hitting two parked cars. No one was injured. [more]

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  • Congregation Habonim and (clockwise from top left) David Carlos, Ira Schuman, Samvir Sindhu and Gary Barnett

    Congregation Habonim and (clockwise from top left) David Carlos, Ira Schuman, Samvir Sindhu and Gary Barnett

    By the grace of God, Savills Studley’s David Carlos and Ira Schuman managed to sell an Upper West Side Jewish congregation’s home to Extell Development and Megalith Capital Management for $45 million in December.

    Now, the brokers are hoping the deal gets the blessing of one of real estate’s highest powers. [more]

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  • “421-a paid for my bidet”

    February 18, 2015 05:35PM
    Tenant advocates rallied on Wednesday afternoon

    Tenant advocates rallied outside One57 on Wednesday (Credit: Claire Moses/The Real Deal)

    More than 80 tenant advocates descended on New York’s “Billionaires’ Row” Wednesday to protest against what they believe is an unfair tax break for the wealthy. [more]

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  • From left: David Schlamm and Min Chan

    From left: David Schlamm and Min Chan

    In a bid to establish itself as a conduit for small New York developers wanting to tap into foreign capital, David Schlamm’s City Connections Realty has applied to become a regional center for the wildly popular EB-5 visa program. [more]

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  • From left: A rendering of One57 and Guoqing Chen

    From left: A rendering of One57 and Guoqing Chen (Credit: China Institute of America)

    UPDATED, 6:06 p.m., Feb. 5: The founder of China’s largest private airline company paid $47.4 million for a full-floor condo at Extell Development’s’s One57.

    Guoqing Chen, co-founder of HNA Group, closed on the 86th floor unit on Jan. 21, paying $7,645 per square foot for the luxury condo, according to property records filed with the city today. Public documents list the buyer One57 86 LLC, but Chen’s name is listed on the $30.2 million mortgage. [more]

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  • 21 East 61st Street

    21 East 61st Street

    Extell Development sold a penthouse at the Carlton House for $52 million, according to property records filed with the city today. The duplex pad was asking $65 million.  [more]

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  • 15 West 27th Street (inset: George Kaufman)

    15 West 27th Street (inset: George Kaufman)

    The Kaufman Organization, which secured four Ring portfolio office buildings from Gary Barnett’s Extell Development last year, has signed its first retail tenant in the buildings. [more]

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  • 34-w-17th

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

    Atkins & Breskin has picked up a 10-story commercial building at 34 West 17th Street – the latest property in Extell Development’s Ring portfolio to be sold – for $20 million, The Real Deal has learned. The Lower East Side-based real estate investment firm, led by Jerry Atkins, will convert the building into full-floor residential condominiums. [more]

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  • From left: 331 Park Avenue South and Gary Barnett

    From left: 331 Park Avenue South and Gary Barnett (Credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development sold 331 Park Avenue South, one of the buildings the company acquired in 2013 as part of the F.M. Ring portfolio, for $39.5 million to Metro Loft, The Real Deal has learned.

    The purchase marks Metro Loft’s second acquisition from the portfolio. In December, the developer bought a 12-story building at 114 East 25th Street for $36.5 million. Extell paid $308 million for a 50 percent stake in the Ring package. [more]

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  • 212-fifth-buy

    From left: 212 Fifth Avenue in the Flatiron District, Dustin Stolly and Robert Gladstone

    A joint venture between Robert Gladstone’s Madison Equities, Building and Land Technology (BLT) and Joseph’s Sitt Thor Equities received a $275 million construction loan to acquire and complete the gut renovation of 212 Fifth Avenue, The Real Deal has learned. [more]

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  • From left: Gary Barnett and a rendering of One57

    From left: Gary Barnett (Credit: STUDIO SCRIVO) and a rendering of One57

    UPDATED, Jan. 19, 10:24 a.m.: To infinity, and beyond! Manhattan’s record for priciest condo sale was broken yet again with the closing of a $100.5 million purchase of a penthouse at Gary Barnett’s One57, according to property records filed with the city today. [more]

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  • Gary Barnett and 1010 Park Avenue

    Gary Barnett and 1010 Park Avenue

    Gary Barnett’s Extell Development won the approval of the Landmarks Preservation Commission for its proposed 16-story condominium project at 1010 Park Avenue, which will see the developer demolish a historic Park Avenue church rectory building. [more]

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  • From left: The Collegiate School, Gary Barnett and John F. Kennedy, Jr.

    From left: The Collegiate School, Gary Barnett and John F. Kennedy, Jr.

    The country’s oldest independent school, which has long been characterized by its Spartan Upper West Side digs, is planning to build a new 10-story, 180,000 square-foot building at Extell Development’s Riverside South site. [more]

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  • Extell buys Midtown parking lot for $46M

    December 15, 2014 08:05AM
    From left: Gary Barnett and 251 West 45th Street

    From left: Gary Barnett and 251 West 45th Street

    With the purchase of a parking garage at 251 West 45th Street for $45.8 million, Gary Barnett’s Extell Development is one step closer to creating a massive midtown development. [more]

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  • Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Clockwise from left: 114 East 25th Street, Nathan Berman and Gary Barnett

    Gary Barnett continues to make a killing on the Ring portfolio. His Extell Development just sold one of the portfolio’s former properties for $36.5 million to MetroLoft, a firm that specializes in converting commercial buildings into residential developments, The Real Deal has learned.  [more]

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  • From left: Gary Barnett (top left), Ziel Feldman and the Belnord

    From left: Gary Barnett (top left), Ziel Feldman and the Belnord at 225 West 86th Street

    Gary Barnett’s Extell Development is in contract to sell the Belnord, a storied, block-long rental building on the Upper West Side, The Real Deal has learned. Sources said the buyer is Ziel Feldman’s HFZ Capital Group, which has made several big bets on rental product in the neighborhood. Feldman also was one of Barnett’s investors when Barnett bought the Belnord in 1994 for the bargain price of $15 million. [more]

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