Residential
New York

Barnett boosts projected sellout to $901M at DoBro condo

Extell raises total sellout projection to $901M at City Point tower

Gary Barnett and City Point Brooklyn at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/138-Willoughby-Street-Brooklyn-NY-11201/3001490001-0" target="_blank" data-address="138%20Willoughby%20Street%2C%20Brooklyn" data-label="138%20Willoughby%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F138-Willoughby-Street-Brooklyn-NY-11201%2F3001490001-0" data-bbl="3001490001" data-blockValue="00149" data-lotValue="0001" data-zipcode="11201" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="21%2C474" data-lotFront="149.75" data-lotDepth="130.96" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="U7" data-primaryZoning="C6-4.5" data-commercialOverlay="" data-far="10" data-buildable="214%2C740" data-airRights="214%2C740" data-propertyNeighborhood="Downtown%20Brooklyn" data-latitude="40.691813609587" data-longitude="-73.9829938799297" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F138-Willoughby-Street-Brooklyn-NY-11201%5C%2F3001490001-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F138-Willoughby-Street-Brooklyn-NY-11201%5C%2F3001490001-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">138 Willoughby Street</a>

Gary Barnett and City Point Brooklyn at 138 Willoughby Street

Gary Barnett is looking to sell condominium units for as much as $4 million at his mixed-use tower in the City Point complex in Downtown Brooklyn.

“That’s what passes as affordable nowadays,” the Extell Development chief told the New York Times.

Extell is shooting for a sellout of $901 million for the condos, which would be a record for Brooklyn. That’s up from the $838 million Extell had said it would aim for in 2016.

Barnett is also planning a record $4 billion sellout in Manhattan at his One Central Park tower.

The 68-story Brooklyn Point tower, Extell’s first in the borough, will have 458 condo units with prices ranging from $837,000 for studios to three-bedrooms starting at $2.9 million, according to the Times.

The Kohn Pedersen Fox-designed building will be the third tower at the 1.8 million-square-foot, mixed-use City Point project.

“We wanted something substantial enough to bring Extell from Manhattan,” Barnett said.

Extell paid $120 million to buy the site at 138 Willoughby Street in 2015 from Washington Square Partners and Acadia Realty Trust. [NYT]Rich Bockmann

Tags
Residential
New York

Barnett boosts projected sellout to $901M at DoBro condo

Extell raises total sellout projection to $901M at City Point tower

Gary Barnett and City Point Brooklyn at <a class="lavamap_link" style="text-decoration: none !important; color: inherit; box-shadow:none !important; pointer-events: none; cursor: default;" href="https://lavamap.com/property/138-Willoughby-Street-Brooklyn-NY-11201/3001490001-0" target="_blank" data-address="138%20Willoughby%20Street%2C%20Brooklyn" data-label="138%20Willoughby%20Street" data-url="https%3A%2F%2Flavamap.com%2Fproperty%2F138-Willoughby-Street-Brooklyn-NY-11201%2F3001490001-0" data-bbl="3001490001" data-blockValue="00149" data-lotValue="0001" data-zipcode="11201" data-bldgArea="0" data-bldgDepth="0" data-bldgFront="0" data-landUse="Vacant%20land" data-lotArea="21%2C474" data-lotFront="149.75" data-lotDepth="130.96" data-retailArea="0" data-resArea="0" data-officeArea="0" data-garageArea="0" data-strgeArea="0" data-factryArea="0" data-otherArea="0" data-bldgClass="U7" data-primaryZoning="C6-4.5" data-commercialOverlay="" data-far="10" data-buildable="214%2C740" data-airRights="214%2C740" data-propertyNeighborhood="Downtown%20Brooklyn" data-latitude="40.691813609587" data-longitude="-73.9829938799297" data-moreList="%5B%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FviewOnMap.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F138-Willoughby-Street-Brooklyn-NY-11201%5C%2F3001490001-0%22%2C%22urlLabel%22%3A%22View%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2Fownership.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Flavamap.com%5C%2Fproperty%5C%2F138-Willoughby-Street-Brooklyn-NY-11201%5C%2F3001490001-1%22%2C%22urlLabel%22%3A%22View%20Ownership%20on%20LavaMap%22%7D%2C%7B%22icon%22%3A%22https%3A%5C%2F%5C%2Fcdn.lavamap.com%5C%2Fwp-lavamap-link%5C%2Fpublic%5C%2Fimg%5C%2FleaseComps.svg%22%2C%22url%22%3A%22https%3A%5C%2F%5C%2Ftherealdeal.com%5C%2Fnew-research%22%2C%22urlLabel%22%3A%22TRData%22%7D%5D" data-articleList="%5B%5D" rel="noopener noreferrer">138 Willoughby Street</a>

Gary Barnett and City Point Brooklyn at 138 Willoughby Street

Gary Barnett is looking to sell condominium units for as much as $4 million at his mixed-use tower in the City Point complex in Downtown Brooklyn.

“That’s what passes as affordable nowadays,” the Extell Development chief told the New York Times.

Extell is shooting for a sellout of $901 million for the condos, which would be a record for Brooklyn. That’s up from the $838 million Extell had said it would aim for in 2016.

Barnett is also planning a record $4 billion sellout in Manhattan at his One Central Park tower.

The 68-story Brooklyn Point tower, Extell’s first in the borough, will have 458 condo units with prices ranging from $837,000 for studios to three-bedrooms starting at $2.9 million, according to the Times.

The Kohn Pedersen Fox-designed building will be the third tower at the 1.8 million-square-foot, mixed-use City Point project.

“We wanted something substantial enough to bring Extell from Manhattan,” Barnett said.

Extell paid $120 million to buy the site at 138 Willoughby Street in 2015 from Washington Square Partners and Acadia Realty Trust. [NYT]Rich Bockmann

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