Extell Acquires Mixed-Use Future Dev. Site In Manhattan For $16M

The mixed-use property located at 1637 First Avenue in Manhattan has been sold in a closed transaction. The property was acquired by Extell, represented by Gary Barnett, for a price of $16,000,000. The property has a total building square footage of 18,750 and a price per square foot of $853. The seller of the property was the Hakim Organization.

Summary of transaction details

• Property Type: Mixed-Use (Future Dev. Site)
• Transaction Amount: $16,000,000
• Building Square Footage: 18,750
• Price per Square Foot: $853
• Seller: Hakim Organization
• Buyer: Extell - Gary Barnett

The deal was facilitated by Gary Barnett of Extell, representing the buyer. The transaction took place on 04/11/2018 and involved the purchase of the mixed-use property at 1637 First Avenue in Manhattan.