Extell sells for condo in Central Park Tower for $16.3M

Brad Stadler 2021 Irrevocable Trust #3 and Meredith Stadler paid $16.3 million to Extell Development Company through the entity Smitell LLC for condo (SC) unit 55E at Central Park Tower at 217 West 57th Street in Midtown West, Manhattan.
The deal closed on June 30, 2021 and was recorded on August 3, 2021.

The signatory for Extell Development Company was Ahuva Genack. The signatory for Brad Stadler 2021 Irrevocable Trust #3 and Meredith Stadler was Merideth Stadler.

This is for unit 55E.

Within a 400-foot radius of 217 West 57th Street, PincusCo identified 35 commercial real estate items of interests occurred over the past 24 months.
Of those 35 items, three were for major renovation including a certificate of occupancy change. They were one permit with a total initial cost of $375,000 and two initial temporary certificate of occupancy issuances for projects that initially costed $1.2 million. The most recent of these three items was the temporary certificate of occupancy on January 24, 2020 for a 18,000-square-foot B building with no residential units at 250 West 57th Street.
Of those 35 items, 31 were sales above $5 million totaling $1.5 billion. The most recent of the 31 was Parkview Re Holdings LLC which bought one condo unit in the 5,935-square-foot, 117-unit condo building (R4) on 220 Central Park South for $59.5 million from Vornado Realty Trust on June 9, 2021.
One of those 35 items was a loan which Feil Organization and Rockpoint Group borrowed $115 million from Morgan Stanley Bank secured by the 124,782-square-foot, 95-unit office building (O6) on 894 7th Avenue on January 10, 2020.

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