Extell Secures $380M Loan For Central Park Tower Condominium In Midtown | Central Park Tower (217 W. 57th St.) | Sail Harbor Capital, Baupost Group | Douglas (Doug) Harmon, Adam Spies, Adam Doneger | Loan

Summary

Loan

NEW YORK

878,615 sqft

The Central Park Tower, located at 217 W. 57th St. in Midtown, is a luxurious condominium building consisting of 179 units. Developed by Extell, the building boasts impressive architecture designed by ASGG Architects. This iconic building is the second tallest skyscraper in the US and required a staggering $3 billion investment for construction.

Summary of transaction details

Property Type: Condominium
Transaction Amount: $380,000,000
Lender: Sail Harbor Capital & Baupost Group
Brokers: Adam Spies, Doug Harmon & Adam Doneger - Cushman & Wakefield

The loan for the Central Park Tower was secured through a partnership between Sail Harbor Capital and Baupost Group. The brokers responsible for the deal were Adam Spies, Doug Harmon, and Adam Doneger from Cushman & Wakefield.

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Players

All
6

Agents
3
Agencies
1
Lenders
2

Douglas (Doug) Harmon

Co-Head of U.S. Capital Markets

$22.4B Sold

Adam Spies

Co-Head of U.S. Capital Markets

$30.9B Sold

Adam Doneger

Executive Vice Chairman

$21.5B Sold

Details

Deal Summary

FINANCED

IMAGE: Adam Spies, Gary Barnett, Adam Doneger & Doug Harmon DATE: 01/25/2021 ADDRESS: @CentralParkTower 🏙 (217 W. 57th St.) MARKET: Midtown ASSET TYPE: Condominium ~ UNITS: 179 LENDER: Sail Harbor Capital & Baupost Group DEVELOPER: @EXTELL ARCHITECT: @ASGGArch BROKERS: Adam Spies, Doug Harmon & Adam Doneger - Cushman & Wakefield AMOUNT: $380,000,000 FUN FACT: @CentralParkTower is the second tallest skyscraper in the US and cost Approx. $3B to build

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AddressCentral Park Tower (217 W. 57th St.)

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