Barnett pulls One Riverside Park off market, will raise prices

TRD New York /
Nov.November 19, 2013 09:19 AM

Gary Barnett has pulled the remaining units at Extell Development’s One Riverside Park off the market pending a price adjustment, in response to the robust demand for the building. Sales were approved by the New York state attorney general 10 days ago.

Asking prices at the 35-story tower, on the corner of West 62nd Street And Riverside Boulevard, initially ranged from $1 million to $25 million for a seven-bedroom house. Since sales commenced 10 days ago, deals were in place for at least 70 of the 219 condominiums in the building, according to Barnett.

“The market is finally waking up to it,” Barnett, who developed the building along with the Carlyle Group, told the Wall Street Journal. “It is already becoming one of the finest places to live in New York.”

Asking prices at the building are currently at north of $2,000 per square foot and will likely increase, Barnett added. [WSJ]Hiten Samtani

Related Articles

One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

Extell Development's Gary Barnett (Credit: Getty Images and iStock)

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

Gary Barnett

Quantifying the rise and fall of NYC’s condo market

Extell CEO Gary Barnett and a portion of the assemblage at 562-572 Fifth Avenue, 2 West 47th, and 10 West 47th (Credit: Google Maps)

Extell nabs $440M in financing for Midtown assemblage

Extell CEO Gary Barnett (Credit: Adam Pogoff)

Gary Barnett gets candid about the condo boom of the 2010s and what’s to come

50 West 66th Street and Extell Development CEO Gary Barnett (Credit: Binyan Studios via Curbed NY)

Extell accuses City Club of reneging on settlement over UWS tower

Extell Development chairman Gary Barnett with 555 Tenth Avenue and 524 East 14th Street (Credit: Barnett by Anuja Shakya, 555ten and StreetEasy)

Extell scores $700M refi for three Manhattan buildings