Gary Barnett | The Real Deal New York

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Gary Barnett

Founder and President
Extell Development
805 Third Avenue
New York, NY 10022
(212) 712-6000
Website

Gary Barnett is the founder and president of Extell Development, one of the most active development companies in New York City.

Barnett made his fortune in the diamond trade. He became active through Extell in the 1990s, ramping up his number of projects, both residential and commercial, significantly during the pre-recession boom. On the residential side, Barnett’'s projects have included the 1,000-foot One57; the 37-story Ariel East and 31-story Ariel West condos at 100th Street and Broadway; the Lucida rentals and condos (more than 170 apartments in all, some as big as five bedrooms) at 151 East 85th Street; the 26-unit 995 Fifth Avenue, where some of the condos occupy an entire floor; the 271-unit Rushmore at 80 Riverside Boulevard; the 150-unit Aldyn nearby at 60 Riverside Boulevard and most recently, the $2.98 billion, 1,550 feet tall Central Park Tower at 217 West 57th Street, which is in development.

On the commercial side, Barnett’'s projects include the 750,000-square-foot, 34-story International Gem Tower, which topped out in March 2012, and the 1.5 million-square-foot World Product Centre at 555 West 33rd Street, the site of the old Copacabana.

Born Gershon Swiatycki, Barnett grew up on Manhattan’'s Lower East Side and earned a math degree from Queens College and a master’'s in economics from Hunter College.


12/04/18
...Fifth Avenue and Extell Development CEO Gary Barnett (Credit: Google Maps) Gary Barnett’s Extell Development has spent $62.5 million to purchase 572 Fifth...

...labeled him a “greedy corporate fuck.” And at Gary Barnett’s Central Park Tower, where sales launched in October, Manhattan Community Board 5 rejected plans...

11/30/18
...Street with Bill de Blasio and Extell Development's Gary Barnett (Credit: Snøhetta) The city's Department of Building says Extell Development's Upper West Side...

11/29/18
...East 95th Street and Extell Development's Gary Barnett (Credit: iStock) To combat a near-stagnant condo market, Extell Development is offering to pay...

11/27/18
...New York Post. DNA purchased it in 2016 from Gary Barnett’s Extell Development for $37 million. The property was a parking garage when DNA purchased...

11/20/18
...summer, it held talks with Zeckendorf Development and Gary Barnett’s Extell Development, among others, but had yet to pick a development partner at...

11/12/18
...before, too. For a brief period last year, Gary Barnett’s Extell Development saw yields on its bonds climb as high as 14 percent.) Trading...

11/06/18
...the LeFrak family, the Durst Organization, Extell’s Gary Barnett and Brookfield. And it’s not surprising that many of Cuomo’s top donors...

11/05/18
...From left: Bill Rudin, Douglas Durst, Gary Barnett and Senator Michael Gianaris (Credit: Getty Images and Extell) New York real estate developers...

11/05/18
...Gary Barnett and 32 West 48th Street (Credit: Google Maps) Gary Barnett’s secretive Diamond District development...

...-unit condo project — where prices start at $12.95 million — Gary Barnett had a sobering message for brokers, telling them he’d cut prices three times...

...summer, it held talks with Zeckendorf Development and Gary Barnett’s Extell Development, among others, but had yet to pick a development partner at...

10/24/18
...can easily go for more than $5,000 a foot. Gary Barnett’s Extell Development is leading the first round of large residential projects with its...

10/15/18
...sale of an Upper West Side assemblage to Gary Barnett. Despite its size, Hauspurg still described ABS as relatively under the radar. “They’ve...

10/12/18
...million. Other condo developers, including Extell Development’s Gary Barnett and Fetner Properties' Hal Fetner, also donated to Crowley. Curbelo’s donors include South...

10/11/18
...Extell has also lowered prices at One57. Founder Gary Barnett said it only makes sense if his competitors are going to offer discounts. But...

10/10/18
...Last year, for example, it agreed to lend Gary Barnett’s Extell Development $900 million for the construction of Central Park Tower. Other non-traditional lenders...

10/09/18
...the LeFrak family, the Durst Organization, Extell’s Gary Barnett and Brookfield. And it’s not surprising that many of Cuomo’s top donors...

10/03/18
...Gary Barnett and 555 10th Avenue (Credit: Alistair Gardiner for The Real Deal) With the city’s...

10/02/18
...the LeFrak family, the Durst Organization, Extell’s Gary Barnett and Brookfield. And it’s not surprising that many of Cuomo’s top donors...

...Last year, for example, it agreed to lend Gary Barnett’s Extell Development $900 million for the construction of Central Park Tower. Other non-traditional lenders...

...the LeFrak family, the Durst Organization, Extell’s Gary Barnett and Brookfield. And it’s not surprising that many of Cuomo’s top donors...

...can easily go for more than $5,000 a foot. Gary Barnett’s Extell Development is leading the first round of large residential projects with its...

...Extell has also lowered prices at One57. Founder Gary Barnett said it only makes sense if his competitors are going to offer discounts. But...

09/21/18
...Street last year. He purchased the parcels from Gary Barnett’s Extell Development and a private seller in 2014 for $31 million. – Eddie Small...
Extell Development, Manager
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Wendy Alper is a manager at Extell Development, a New York City-based developer....
Extell Development, Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Tamar Rothenberg is a vice president in charge marketing at Extell Development, a...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Carol Richardson is an executive vice president in charge leasing at Extell Development,...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Keith Goich is a senior vice president in charge of architecture and design at...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Marc Kwestel is an executive vice president in charge of finance at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
David Rothstein is an executive vice president in charge of construction at Extell...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
Raizy Haas is senior vice president in charge of development at Extell Development....
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Donna Gargano is a senior vice president in charge of development at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Anthony Mannarino is an executive vice president in charge of development at Extell...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
660 Madison Avenue, 15th Floor, New York, NY, (212) 712-6000
...
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  • Event Sales
  • Address 332 West 44th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 44,564
  • Price $ 29,000,000
  • Price per foot $ 650.75
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Central Parking System
  • Party 2 Extell Development
notes
The garage sold for $29 million. The site is just two blocks away from Extell Development's 50-story hotel project at 131-139 West 45th Street, which Gary Barnett, the company's president, said last year would go ahead despite the company having sold off 11 adjacent commercial property lots in Midtown for approximately $125.16 million, including the hotel site, in July. He told The Real Deal the transaction was primarily a strategy to get an equity partner involved with the hotel project.
  • Event Sales
  • Address 25 West 20th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 28,000,000
notes
The parking lot and adjacent garage with 92,000 square feet of development rights sold for $28 million.
  • Event Sales
  • Address 72-76 Greene Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 23,000,000
  • Event Sales
  • Building Name 72-76 Greene Street
  • Address 76 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 45,000
  • Price $ 23,000,000
  • Price per foot $ 511.11
notes
Soho landmark with a cast-iron facade, built in 1872 by architect J.F. Duckworth, sold for more than $23 million. A condo conversion is planned.
  • Event Sales
  • Building Name former Hard Rock Cafe building
  • Address 220 West 58th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 160,000
  • Price $ 67,500,000
  • Price per foot $ 421.88
notes
Sold for $67.5 million; Site can be build to 300,000 sf. Includes 221 West 57th Street.

12/27/16
...example, could have conceivably made this ranking, but Gary Barnett hasn't been able to land the $900 million construction loan he desires to build the...

12/31/15
...mystery buyer closed on a $100.5 million penthouse at Gary Barnett’s One57. The unit smashed New York’s previous $88 million record, set at 15 Central...

12/30/15
...Center (credit: Christian de Portzamparc) (inset from top: Gary Barnett and James Linsley), a rendering of 520 Fifth Avenue (credit: Handel Architects) and a rendering...

10/22/15
...Side, 500 East 14th Street in the East Village, Gary Barnett, 425 Park Avenue in Midtown and Robert Lapidus Manhattan's great builders are also its most...

07/21/15
...Hayes Davidson) And 250 South Street (credit: CityRealty) (inset: Gary Barnett) Gary Barnett’s plans for 250 South Street may have gone through several revisions, but...