Gary Barnett

Founder And Chairman

Extell Development

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Extell Development NYC portfolio

$10.2 billion* – condo 45.0%, specialty 14.0%; Manhattan 98.0%, Brooklyn 1.0%

13th largest portfolio by dollar value

5,026,694 sqft – condo 43.0%, specialty 21.0%;

54th largest by SF

928 properties – Manhattan 99%, Bronx 0%

4th largest

2,272 residential units – Manhattan 100.0%, Bronx 0.0%

93th largest by residential units

2 foreclosures, 22 bankruptcies, 20 other court cases.

Person Activity past 24 months:

Buyer signatory: 2 for $262.7 million

Seller signatory: 4 for $67.8 million

Borrower signatory: 1 for $40 million

Top Ten Associated People:

Zhidong Wu (2), Henry W. Yabroudy (1), Jane Goldman (1), Luisa Little (1), Henry Chalouh (1), Jeffrey J. Feil (1), Salvatore Notaro (1), Richard Born (1), William E. Stempel (1), Ilana Ruskay-Kidd (1)

Recent activity as signatory:

Solil Management sold 37 East 60th Street, 39 East 60th Street, and 35 East 60th Street, Lenox Hill, Manhattan for $103.3 million to Extell Development on March 11, 2025.

Extell Development sold 171 West 57th Street, Midtown West, Manhattan for $25 million to Cindy K. Chan on February 14, 2025.

Extell Development borrowed $40 million from Flagstar Bank for 2360 Broadway, Upper West Side, Manhattan on January 09, 2025.

Williams Equities sold 653 Madison Avenue, Lenox Hill, Manhattan for $159.4 million to Extell Development on October 16, 2024.

Extell Development sold 1530 3rd Avenue, Carnegie Hill, Manhattan for $24.5 million to ZD Jasper Realty on November 01, 2023.

Extell Development sold 200 Riverside Boulevard, Lincoln Square, Manhattan for $8.2 million to NYC Elite on July 06, 2023.

Extell Development sold 50 Riverside Boulevard, Lincoln Square, Manhattan for $10 million to Collegiate School on April 20, 2023.

BD Hotels sold 859 7th Avenue, Midtown West, Manhattan for $94.5 million to Extell Development on October 20, 2022.

Feil Organization sold 380 Fulton Street, 356 Fulton Street, 360 Fulton Street, 370 Fulton Street, 366 Fulton Street, and others, Downtown Brooklyn, Brooklyn for $85.9 million to Extell Development on June 07, 2022.

Extell Development sold 430 West 37th Street, 434 West 37th Street, and 429 West 36th Street, Hudson Yards, Manhattan for $51.7 million to ZD Jasper Realty on March 25, 2022.

Latest Stories:

• Extell pays $103.3M to Goldmans for buildings adjacent to Lenox Hill development parcel (March 12, 2025)

• Extell sells retail on Billionaires’ Row in Midtown West for $25M (February 17, 2025)

• Extell plans new 37-story resi, hotel, retail tower at 655 Madison, site bought for $159M (November 20, 2024)

• Extell pays $159.4M to Williams Equities for 655 Madison in Lenox Hill (October 16, 2024)

• ZD Jasper signs $117.5M construction loan with Maxim for 128-unit project in Hudson Yards (September 18, 2024)

• ZD Jasper signs $35M land refi with Maxim for 128-unit dev site in Hudson Yards (September 12, 2024)

• Flagstar files $100M pre-foreclosure at Extell’s Belnord retail (July 16, 2024)

• ZD Jasper plans 25 units at Carnegie Hill Papaya King site bought from Extell (April 12, 2024)

• ZD Jasper pays $24.5M to Extell for dev site in Carnegie Hill, no NB plans filed (November 02, 2023)

• Extell pays $11.3M for retail in Midtown West, already controlled thru long-term lease (August 03, 2023)

Court Records:

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*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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