New York & Tri-State + Apartments | April 20, 2021

Extell on Track to Match Q1’s $260M in New Contracts This Month

Extell Development Company said it signed more than $260 million in new contracts throughout its for-sale residential developments during the first quarter. The company is on track to execute an additional $250 million in April alone.

“With the country continuing to reopen, New Yorkers returning to the city, and the vaccine rollout progressing rapidly, buyers are recognizing that now is the time to buy and take advantage of today’s pricing before it goes back up,” said Gary Barnett, founder and chairman of Extell. “We are one of few developers that can offer opportunities at various price points across the city and other markets throughout the country.”

Extell said it’s seeing robust sales volume at properties ranging from 1010 Park Ave. on the Upper East Side and Central Park Tower in Midtown to Brooklyn Point, the borough’s tallest residential building, and the Four Seasons Condominium in Vail, CO.

Connect

Inside The Story

Connect With Extell

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints