Extell sells Carlton House PH for discounted price of $52M

Duplex apartment listed at $65M; unknown buyer signed contract in July

New York /
Feb.February 03, 2015 02:23 PM

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. 

The buyer was an entity listed as Azalea Holdings LLC. Azalea was represented by Peter Rosenberg, president of Terra Nova Services, a Philadelphia-based firm that represents high-net worth individuals and family offices.

The six-bedroom, 8,988-square-foot co-op, at 21 East 61st Street, hit the market in October and went into contract this summer. A representative for Extell declined to comment.

A 9,742-square-foot limestone “white-box” townhouse adjacent to the building, which Extell listed for $65 million, is still available, according to the developer.

Extell paid $175 million for the site of the Helmsley Carlton House hotel, on Madison Avenue between 61st and 62nd Streets, in 2010With Angelo, Gordon and Co., the developer converted the building into a 68-unit co-op. In 2013, Extell sold the building’s block-long retail condo to Joseph Sitt’s Thor Equities for $277 million.


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
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
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
Extell's Gary Barnett and Central Park Tower
Central Park Tower condo sells for half its asking price
Central Park Tower condo sells for half its asking price
Gary Barnett with an aerial of 738 and 740 Eighth Avenue (Google Maps)
Extell’s Times Square megaproject advances with $82M deal
Extell’s Times Square megaproject advances with $82M deal
Extell’s Columbus Circle dev site dream is shrinking
Extell’s Columbus Circle development dream is shrinking
Extell’s Columbus Circle development dream is shrinking
Robert Herjavec and One57 (Getty, Beyond My Ken/Wikimedia)
Robert Herjavec buys One57 condo at $13M discount
Robert Herjavec buys One57 condo at $13M discount
A diamond is forever. Is the Diamond District?
A diamond is forever. Is the Diamond District?
A diamond is forever. Is the Diamond District?
arrow_forward_ios

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

Loading...