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.


02/06/19
...at 11 Hoyt, Tishman Speyer is building 480 apartments. And Gary Barnett’s Extell Development is building 458 units at its Brooklyn Point tower...

01/29/19
...I was ready to give him,” Extell’s Gary Barnett told TRD. “Thank God we’re not involved with that.” Low’s ability to...

01/25/19
...Reporting Project. Meridian has a long-standing relationship with Gary Barnett...

01/24/19
...condo tower at 5 Beekman. Bank OZK, meanwhile, lent Gary Barnett’s Extell Development $63.8 million late last year against a hotel-development site he’s assembling...

01/22/19
...World Trade Center's roofline (and 1 foot taller than Gary Barnett...

01/18/19
...commercial real estate developers in Manhattan. Extell founder Gary Barnett will continue to serve as chairman of the firm, but he did not provide...

01/17/19
...Gary Barnett and Central Park Tower at 217 West 57th Street Even the world’s tallest condo...

01/17/19
...Helen Rosenthal, a Map of Kazakhstan, Sauat Mynbayev, Gary Barnett, Nurzhan Subkhanberdin (Credit: Getty Images) The city's Department of Buildings plans to strip Extell...

01/17/19
...run-down, neglected building and developing it,” he said. “Gary Barnett has the easiest job — he gets vacant land, he gets an architect, a good...

01/15/19
...Gary Barnett and Sush Torgalkar with 225 West 57th Street, 225 West 86th Street, and 169 Columbia Heights in...

01/15/19
...of an $80 million Upper West Side parcel to Gary Barnett — said today is “not time to buy and hold and gamble.” “I don’t...

01/14/19
...Gary Barnett and Sush Torgalkar Gary Barnett — the mastermind behind some of the city's most ambitious condominiums — has tapped an outsider...

01/08/19
...anything to chance. In late November, firm chief Gary Barnett said the company was offering to pay between three and five years’ worth of...

01/01/19
...cut their teeth cutting diamonds. Among them are Gary Barnett of Extell Development, Lev Leviev of Africa Israel, Eran Polack of HAP Investments and...

...anything to chance. In late November, firm chief Gary Barnett said the company was offering to pay between three and five years’ worth of...

01/01/19
TRD Special Report: On the day before Thanksgiving, Yoel Goldman phoned one of his go-to lenders with an urgent request. The Brooklyn developer, who heads...

12/27/18
...commissions to buyers’ brokers. In addition, this year, Gary Barnett’s Extell Development shaved 10 percent off asking prices at five of the remaining eight...

12/27/18
...Extell Development Square footage: 1.8 million Number of projects: 4 Gary Barnett has some ambitious projects up his sleeve. His firm’s Central Park Tower will...

12/25/18
...said. § On the new-development front, Extell Development’s Gary Barnett — who got a capital infusion from two Abu Dhabi-based investment funds for One57 in...

12/24/18
...bleeding. But that reprieve appears to be over. Gary Barnett’s Extell Development announced earlier this month that it would buy back around $50 million...

12/24/18
...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...

12/20/18
...on converting the property to condos, Extell’s Gary Barnett had crafted a different play. Not only would he convert the building into 68 cond-ops...

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...
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...