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35 East 60th Street

Updated May 12, 2025

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

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

$103,300,000

Units

25

Asset Type

MultiFamily

Closing

Feb 26, 2025

About this deal

AI

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

EXTELL

Buyer

$8.4B

vol

61 deals

Buyer
Solil Management
Solil ManagementSeller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $4.1M per unit across 25 units on a published $103.3M (2025).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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