At One57, Barnett returns Hirtenstein’s deposit, cancels contract

New York /
Oct.October 24, 2012 10:00 AM

Gary Barnett has returned New York property investor Michael Hirtenstein’s One57 contract and deposit, after Hirtenstein admitted to bribing a construction worker to film the view from what would have been his future apartment, according to the New York Post. Barnett has been strict about not letting his buyers view their apartments before completion. After Hirtenstein complained to Extell that his view of Central Park was obscured by Essex House, Barnett returned his contract and deposit.

Barnett claims that he rejected Hirtenstein on principle, and that it had nothing to do with Hirtenstein paying a construction worker $200 to secretly film the unit, according to the Post.

“He likes to say he rejected me. He’s completely off base,” Hirtenstein told the Post. “I’d asked to go up [to see the unit]. They wouldn’t let me. You want me to spend $16 million without seeing it?”

Hirtenstein has a reputation as a gutsy real estate player. He famously rented his Time Warner Center apartment to rapper Jay-Z, making him pay the full $480,000 up front, saying “I don’t wanna chase a rapper for money.” But the deal fell apart and he eventual flipped the 74th floor unit in a $27 million deal with Internet billionaire Todd Wagner. [Post]Christopher Cameron


Related Articles

arrow_forward_ios
Extell Development's Gary Barnett (Credit: Getty Images and iStock)
Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
Central Park Tower
Extell just went public with Central Park Tower listings
Extell just went public with Central Park Tower listings
Gary Barnett taps outsider as CEO of Extell
Gary Barnett taps outsider as CEO of Extell
Gary Barnett taps outsider as CEO of Extell
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)
Buyers taking advantage of New York City’s condo glut
Buyers taking advantage of New York City’s condo glut
One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)
One57 resident pays $5.2M to swap 2-bed for duplex
One57 resident pays $5.2M to swap 2-bed for duplex
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
Closings kick off at Central Park Tower
Closings kick off at Central Park Tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...