Gary Barnett Of Extell Acquires Development Site At 405-415 Park Avenue For $485M

405-415 Park Avenue is a development site located in Manhattan. The property was sold for $485,000,000, encompassing a total square footage of 527,433, resulting in a price per square foot of $919.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $485,000,000
• Address: 405-415 Park Avenue
• Market: Manhattan
• Buyer: Gary Barnett - Extell
• Seller: Terence Callahan - DWS; Rutger Arnhult & David Roll Corem
• Brokers: Adam Spies, Douglas Harmon, Marcella Fasulo, Adam Doneger, Joshua King, Avery Silverstein, Willis Robbins & Meaghan Philbin - Newmark
• Square Footage: 527,433
• Price Per Square Foot: $919

The transaction involved several key individuals, including Terence Callahan representing DWS, alongside Rutger Arnhult and David Roll from Corem as sellers. The broker team consisted of Adam Spies, Douglas Harmon, Marcella Fasulo, Adam Doneger, Joshua King, Avery Silverstein, Willis Robbins, and Meaghan Philbin from Newmark, who facilitated the deal.