Extell Acquires 47 West 66th Street Office Building In Upper West Side For $930M

Located at 47 West 66th Street on the Upper West Side of Manhattan, this office property was involved in a recent transaction. The property was purchased by Extell, led by Gary Barnett, from Silverstein Properties for approximately $930 million. The sale was brokered by Will Silverman and Gary Philips of Eastdil. Currently, the property is leased to Disney and ABC studios.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $930,000,000
• Address: 47 West 66th Street
• Market: Upper West Side

The loan for this acquisition was provided by Guggenheim Partners and Aquarian Holdings. Extell, the landlord in this transaction, secured a loan amount of $900,000,000. This loan will aid in financing the purchase of the property. Extell, led by Gary Barnett, has acquired the property in order to lease it to Disney and ABC studios.