Extell sells Central Park Tower condo for $40.8M

The entity Neal Investors Holdings, LLC paid $40.8 million to Extell Development through the entity Smitell LLC for condo (SC) unit 112 at Central Park Tower at 217 West 57th Street in Midtown, Manhattan.
The deal closed on September 17, 2021 and was recorded on October 6, 2021.
The property has 0 square feet of built space according to PincusCo analysis of city data. The sale price per built square foot is $N/A per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Extell Development was Ahuva Genack. The signatory for Neal Investors Holdings, LLC was Alan J. Lustrin.

This is for unit 112.

Within a 400-foot radius of 217 West 57th Street, Pincusco identified 37 commercial real estate items of interests occurred over the past 24 months.
Of those 37 items, two were for major renovation including a certificate of occupancy change. They were two initial temporary certificate of occupancy issuances for projects that initially costed $1.2 million. The most recent of these two items was the temporary certificate of occupancy on January 24, 2020 for a 18,000-square-foot B building with N/A residential units at 250 West 57th Street.
Of those 37 items, 34 were sales above $5 million totaling $1.6 billion. The most recent of the 34 was Jonathan D. Lewis which bought one condo unit in the 3,703-square-foot, 117-unit condo building (R4) on 220 Central Park South for $33 million from Richard Leibovitch on September 21, 2021.
One of those 37 items was a loan which Feil Organization and Rockpoint Group borrowed $115.0 million from Morgan Stanley secured by the 124,782-square-foot, 95-unit office building (O6) on 894 7th Avenue on January 10, 2020.

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