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Gary Barnett Of Extell Development Acquires Three Adjacent Buildings From Jane Goldman For $103.3M

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SOLD
$103,300,000

New York

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MultiFamily
Sold 02/26/2025
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SOLD

Gary Barnett Of Extell Development Acquires Three Adjacent Buildings From Jane Goldman For $103.3M

35 East 60th Street, 37 East 60th Street & 39 East 60th Street

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MultiFamily
Sold 02/26/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The transaction involved the sale of three adjacent buildings located at 35 East 60th Street, 37 East 60th Street, and 39 East 60th Street in Lenox Hill, Manhattan. The sale price was $103,300,000, with a total of 28,314 square feet. The buildings included 25 units and provided a price per unit of $4,132,000. The buildings have a total base square footage of 127,650, equating to a price per base square foot of $809. Furthermore, the price per square foot was $3,648.

Summary of transaction details:

  • Property Type: MultiFamily & Mixed-use
  • Transaction Amount: $103,300,000
  • Buyer: Gary Barnett - Extell Development
  • Seller: Jane Goldman - Solil Management
  • Units: 25
  • Base Square Footage: 127,650
  • Price Per Base Square Foot: $809
  • Total Square Feet: 28,314
  • Price Per Square Foot: $3,648
  • Air Rights: 99,340 SF

Gary Barnett represented Extell Development, while Jane Goldman represented Solil Management in the transaction. The deal was signed on February 26, 2025, indicating a strategic position for Extell Development likely connected to its ongoing project at 655 Madison Avenue.

Players

Gary Barnett
58 deals$8.3B volume
BUYER

Solil Management
SELLER

Details

SOLD
IMAGE: Gary Barnett & Jane Goldman DATE: 02/26/2025 ADDRESS: 35 East 60th Street, 37 East 60th Street & 39 East 60th Street MARKET: Lenox Hill, Manhattan ASSET TYPE: MultiFamily & Mixed-use BUYER: Gary Barnett (@RealGaryBarnett) - Extell Development (@Extell) SELLER: Jane Goldman - Solil Management SALE PRICE: $103,300,000 UNITS: 25 ~ PPU: $4,132,000 BSF: 127,650 ~ PPBSF: $809 SF: 28,314 ~ PPSF: $3,648 NOTE: Extell Development paid $103.3M to Solil Management for three adjacent buildings at 35-39 East 60th Street in Lenox Hill, totaling 28,314 SF with 99,340 SF of air rights. The February 26 deal, signed by Gary Barnett and Jane Goldman, positions Extell for a ground-up development likely tied to its 655 Madison Avenue project.

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