Extell Acquires Air Rights to Possibly Expand Scope of 655 Madison Avenue

🇺🇸 Commercial Observer (US) —
Extell Acquires Air Rights to Possibly Expand Scope of 655 Madison Avenue

AI Summary

Extell Development paid $34.9 million to Hartz Mountain Industries for air rights attached to two properties on East 61st Street in Manhattan’s Lenox Hill neighborhood. The acquisition could enable Extell to expand the scope of its project at 655 Madison Avenue.

Extell Development’s buying spree in Manhattan shows no signs of waning after the Gary Barnett-led firm bought additional air rights in Manhattan’s Lenox Hill neighborhood on the Upper East Side. Extell paid a total of $34.9 million to Hartz Mountain Industries for the air rights attached to 36 East 61st Street and 34 East 61st […]

Markets Deals Real Estate Extell Development air rights Manhattan Lenox Hill property acquisition

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