Gary Barnett’s Extell Development snapped up three buildings next to his planned Madison Avenue residential tower.
Extell bought 35, 37 and 39 East 60th Street from Sol Goldman’s Solil Management for $103 million, property records show. The assemblage is next to the 200,000-square-foot office building that Extell is planning to demolish to make way for a 62-unit residential tower and commercial space.
The properties include a residential building and two mixed-use buildings that span a total of 28,000 square feet, and 99,000 square feet of air rights, according to PincusCo, which first reported the sale.
Extell had already filed plans to demolish the properties, Crain’s reported. An Extell spokesperson did not immediately respond to a request for comment on the sale.
Extell purchased the adjacent property between East 60th and East 61st streets in October for nearly $160 million from Williams Equities. The Midtown building was already slated for demolition. Tyko Capital, which is backed by Elliott Investment Management, financed the acquisition.
Barnett declined to comment at the time except to say he plans to build “the usual stuff.” The developer is known for his high-rise luxury condominiums, such as Central Park Tower.
The development site is a block from the southeast corner of Central Park, offering Barnett a chance to build apartments with commanding views of the park.
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