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
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
Kathryn Garcia backers include Extell's Gary Barnett, BFC Partners' Donald Capoccia, and L+M's Ron Moelis and David Dishy (Getty, BFC, L+M)
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
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
arrow_forward_ios

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

Loading...