Gary Barnett

Gary Barnett

Getty Images

Gary Barnett is the founder and president of Extell Development. Born Gershon Swiatycki in 1956, Barnett grew up on Manhattan’s Lower East Side. He earned degrees from Queens College and Hunter College before moving to Europe where he worked as a diamond trader. He began to move into the real estate industry after returning to the United States. Barnett joined PMG in 1994 and began investing in real estate when he bought the Belnord apartment house. He is now Founder and Chairman of Extell. 

Gary Barnett Q&A

What is Gary Barnett known for?
Barnett is known for leading Extell’s growth from 1989 to the present. Extell’s portfolio has held more than 20 million square feet of property, including a number of newsworthy buildings in New York City. It notably became active in the pre-recession boom, but has continued to develop since 2008.
Why is Gary Barnett important to the real estate industry?
Barnett’s significance to the real estate industry comes from his involvement in some of Extell’s most interesting projects, including the W Hotel Times Square, the 1,000-foot One57 and the $2.98 billion, 1,550 foot tall Central Park Tower at 217 West 57th Street. Extell’s work focuses on development, but Barnett has acquired residential, commercial and mixed-use properties as well as hotels under his company’s banner.
Want to learn more about Gary Barnett?
Check out our Top Stories below for TRD’s most up-to-date coverage of Gary Barnett.

Gary Barnett Top Stories

July 22, 2019Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
May 21, 2019Gary Barnett's firm listed seven units ranging from a two-bedroom that's asking $6.9 million to a five-bedroom asking $63 million.
January 14, 2019Gary Barnett — the mastermind behind some of the city's most ambitious condominiums — has tapped an outsider to run his 30-year-old development firm.

The Latest

One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)

One57 resident pays $5.2M to swap 2-bed for duplex

Home buyers are looking for more space these days, even on Billionaires’ Row. A resident at Extell Development’s One57...

One57 resident pays $5.2M to swap 2-bed for duplex
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett

Closings kick off at Central Park Tower

UPDATED, Feb. 25, 2021, 11: 25 a.m.: Move-in day is approaching for buyers at the world’s tallest residential tower. Gary Barnett’s Extell Development is commencing closings at Central Park Tower, the developer announced Thursday....

Closings kick off at Central Park Tower
Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)

Extell sells stake in Manhattan rentals to RXR Realty

Extell Development is selling off a stake in two Manhattan properties as it contends with a stagnant luxury residential...

Extell sells stake in Manhattan rentals to RXR Realty
Extell CEO Gary Barnett pictured with One57. (Extell, One57)

One57 condo sells at record 51% loss

 A condo at Extell’s One57 sold for $16.75 million — more than 50 percent below its previous purchase price, marking a record resale loss at the Billionaires’ Row tower. The three-bedroom unit on the...

One57 condo sells at record 51% loss
Joseph Tabak

Portrait of a deal junkie: The Joseph Tabak story

Some real estate players are known for what they build, others for what they own. Then there’s Joseph Tabak,...

Portrait of a deal junkie: The Joseph Tabak story
Gary Barnett and Sush Torgalkar with 225 West 57th Street, 225 West 86th Street, and 169 Columbia Heights in Brooklyn (Credit: Getty Images, iStock, and CityRealty)

Torgalkar out as CEO of Extell: sources

Sush Torgalkar has stepped down as CEO of Extell Development, The Real Deal has learned, less than two years after taking the top job at one of New York’s most active luxury residential developers....

Torgalkar out as CEO of Extell: sources
HNA Group’s Guoqing Chen, One57 and  and Gary Barnett (Godsfriendchuck via Wikipedia)

HNA’s fire sale continues with One57 deal

HNA Group has sold a third condo unit at One57 at a significant loss, the latest in a long-running series of trophy dispositions for the once high-flying Chinese conglomerate. An entity affiliated with the...

HNA’s fire sale continues with One57 deal
Gary Barnett and 149 East 124th Street (Credit: Google Maps)

Extell’s plan for East Harlem development site revealed

Extell’s controversial East Harlem development site is destined to become … a low-rise office building. Gary Barnett’s company, known...

Extell’s plan for East Harlem development site revealed

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

Loading...