Extell Development
Owner, Developer
Private Equity
805 3rd Ave 7th floor New York, NY 10022
People:
Extell Development NYC portfolio
$6.9 billion -condo 45%, elevator 15%, specialty 9%; Manhattan 99%*
23th largest portfolio by dollar value
5,305,997 sqft – condo 44%, specialty 20%, elevator 11%; Manhattan 99%
75th largest by SF
94 properties – Manhattan 99%
66th largest
2,368 residential units – Manhattan 100%
132th largest by residential units
18 foreclosures, 22 bankruptcies, 41 other court cases.
Other Links:
Company Activity past 24 months:
Buyer company: 14 for $631.8 million
Seller company: 4 for $182.8 million
Borrower company: 15 for $2.3 billion
Developer (new building or major alteration): 6 for 3,074,122 square feet
Top Ten Associated Companies:
JPMorgan Chase (5), Cain International (4), New York Community Bank (3), Centennial Bank (3), Blackstone Group (3), Deutsche Bank (2), Henry Chalouh (2), M&T Bank (2), Citibank (2), IGIS Asset Management (2)
Top Ten Associated People:
Walter Edelstein (3), Timothy M. Costello (2), Mrinal Dansingani (2), Daniel M. Bagatta (2), Adi Chugh (2), Henry Chalouh (2), Cindy K. Chan (2), Sandor Krauss (2), Zhidong Wu (2), Robert S. Frankel (2)
Recent activity as company:
• Extell Development borrowed $417 million from JPMorgan Chase for 578 5 Avenue on March 20, 2026.
• Robert Gans sold 615 11 Avenue for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 621 11 Avenue for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 607 West 45 Street for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 620 West 46 Street for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 611 11 Avenue for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 623 11 Avenue for $8.2 million to Extell Development on February 05, 2026.
• Robert Gans sold 605 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.
• Metropolitan Club sold 31 East 60 Street for $39.9 million to Extell Development on January 29, 2026.
Latest Stories:
• 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)
• Extell Development files plans for 58-unit tower in Lincoln Square (November 17, 2025)
Court Records:
Properties: