Posted Mar 12, 2025, 3:25 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,199
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https://therealdeal.com/new-york/202...il-management/
Extell pays $103M for properties next to planned Madison Avenue resi tower
Gary Barnett picks up three buildings from Sol Goldman’s Solil Management
By Elizabeth Cryan
Research by Matthew Elo
March 12, 2025
Quote:
Gary Barnett’s Extell Development snapped up three buildings next to his planned Madison Avenue residential tower.
Extell bought 35, 37 and 39 East 60th Street from Sol Goldman’s Solil Management for $103 million, property records show. The assemblage is next to the 200,000-square-foot office building that Extell is planning to demolish to make way for a 62-unit residential tower and commercial space.
Extell had already filed plans to demolish the properties, Crain’s reported. An Extell spokesperson did not immediately respond to a request for comment on the sale.
Extell purchased the adjacent property between East 60th and East 61st streets in October for nearly $160 million from Williams Equities.
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So far, that’s $263 million for the site.
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