Extell Development
(Extell Development Company)
Owner, Developer
Private Equity
805 3rd Ave 7th floor New York, NY 10022
People:
Extell Development NYC portfolio
$7.4 billion -condo 42%, elevator 14%, office 12%; Manhattan 99%*
31th largest portfolio by dollar value
5,549,013 sqft – condo 42%, specialty 19%, elevator 11%; Manhattan 99%
77th largest by SF
97 properties – Manhattan 99%
82th largest
2,368 residential units – Manhattan 100%
158th largest by residential units
18 foreclosures, 366 bankruptcies, 213 other court cases.
Other Links:
Company Activity past 24 months:
Buyer company: 18 for $1.1 billion
Seller company: 4 for $182.8 million
Borrower company: 17 for $2.6 billion
Developer (new building or major alteration): 6 for 3,074,122 square feet
Top Ten Associated Companies:
JPMorgan Chase (7), Cain International (4), Centennial Bank (3), New York Community Bank (3), Blackstone Group (3), Deutsche Bank (2), Henry Chalouh (2), M&T Bank (2), Citibank (2), Bank OZK (2)
Top Ten Associated People:
Walter Edelstein (3), Mrinal Dansingani (2), Adi Chugh (2), Henry Chalouh (2), Cindy K. Chan (2), Sandor Krauss (2), Zhidong Wu (2), Daniel M. Bagatta (2), Robert S. Frankel (2), Timothy M. Costello (2)
Recent activity as company:
• American Jewish Committee sold 938 3 Avenue for $39 million to Extell Development on May 14, 2026.
• Extell Development borrowed $11.8 million from JPMorgan Chase for 109 East 54 Street on April 23, 2026.
• Kairos Investment Management Company sold 59 East 55 Street for $19 million to Extell Development on April 23, 2026.
• DWS Group and MRP Realty sold 109 East 54 Street for $199.1 million to Extell Development on April 17, 2026.
• Corem Property Group and GDSNY sold 108 East 55 Street for $251.7 million to Extell Development on April 17, 2026.
• Extell Development borrowed $217.8 million from JPMorgan Chase for 109 East 54 Street on April 17, 2026.
• Extell Development borrowed $417 million from JPMorgan Chase for 578 5 Avenue on March 20, 2026.
• Robert Gans sold 607 West 45 Street for $8.2 million to Extell Development on February 05, 2026.
• Extell Development borrowed $57.7 million from Centennial Bank for 611 11 Avenue on February 05, 2026.
• Robert Gans sold 605 West 45 Street for $8.2 million to Extell Development on February 05, 2026.
Latest Stories:
• Extell pays $39M for American Jewish Committee building in Midtown East (May 26, 2026)
• Extell pays $19M to Kairos for Friars Club building in Midtown East (May 19, 2026)
• Extell files DOB plans for 1,198 ft, 430-unit supertall in Lincoln Square (April 23, 2026)
• Extell Development signs $417M refi with Chase for dev site in Midtown West (March 27, 2026)
• Senior lenders file $940M pre-foreclosure at SLG, RXR’;s Worldwide Plaza (February 22, 2026)
• Extell, CL Investment sign $90M condo inventory loan with BDT &; MSD Partners (February 02, 2026)
• Extell signs $21M refi with M&;T Bank for three properties in Yorkville (January 15, 2026)
Court Records:
Properties: