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One Manhattan Square Extell Development

Extell Tops 100-Unit Sales Mark at Two Resi Towers in 2021

Extell Development Company said Wednesday that two of its largest residential developments, One Manhattan Square on Manhattan’s Lower East Side and Brooklyn Point in Downtown Brooklyn, have each sold more than 100 units in 2021 for a combined total of more than $400 million in sales. Extell reportedly is the only developer in New York to ever sell over 100 units at two separate buildings within one calendar year.  

“Not only do we believe in the strength and resiliency of New York City but so did our buyers who saw an opportunity to take advantage of today’s pricing and call this city home,” said Gary Barnett, founder and chairman of Extell.  

He continued, “We have created buildings unlike any other in both Manhattan and Brooklyn that both offer Extell quality, stunning views, unprecedented amenities, and immense savings that come with 20- and 25-year tax abatements.” 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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