Extell Development

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Extell Development portfolio

$1.7 billion* – condo 53.0%, specialty 14.0%; Manhattan 98.0%, Brooklyn 1.0%

34th largest portfolio by dollar value

4,982,498 sqft – condo 44.0%, specialty 21.0%;

59th largest by SF

925 properties – Manhattan 99%, Bronx 0%

4th largest

2,247 residential units – Manhattan 100.0%, Bronx 0.0%

98th largest by residential units

2 foreclosures, 22 bankruptcies, 20 other court cases.

Company Activity past 24 months:

Buyer company: 2 for $170.8 million

Seller company: 9 for $446.2 million

Borrower company: 11 for $1.8 billion

Top Ten Associated Companies:

Shubert Organization (3), Blackstone Group (3), New York Community Bank (3), JPMorgan Chase (3), Cain International (3), Centennial Bank (2), Henry Chalouh (2), Citibank (2), Bank OZK (2), Guggenheim Partners (2)

Top Ten Associated People:

Walter Edelstein (3), Henry Chalouh (2), Robert S. Frankel (2), Timothy M. Costello (2), Zhidong Wu (2), Daniel M. Bagatta (2), David Goldban (2), Sandor Krauss (2), Lucy Luo (1), Michael Xylas (1)

Recent activity as company:

• Extell Development borrowed $40 million from Flagstar Bank for 2360 Broadway, Upper West Side, Manhattan on January 09, 2025.

• Extell Development sold 180 East 125th Street, East Harlem, Manhattan for $70 million to Jacob Schwimmer on December 13, 2024.

• Extell Development for David Rothstein filed plans for new building for 75,951 sqft in Lincoln Square, Manhattan, on December 05, 2024.

• Extell Development for David Rothstein filed plans for new building for 193,423 sqft in Lenox Hill, Manhattan, on November 18, 2024.

• Extell Development borrowed $150 million from Tyko Capital for 653 Madison Avenue, Lenox Hill, Manhattan on October 16, 2024.

• Williams Equities sold 653 Madison Avenue, Lenox Hill, Manhattan for $159.4 million to Extell Development on October 16, 2024.

• Extell Development for David Rothstein filed plans for new building for 875,720 sqft in Midtown West, Manhattan, on September 06, 2024.

• Extell Development borrowed $340 million from IGIS Asset Management for 10 West 47th Street, 2 West 47th Street, 562 5th Avenue, 564 5th Avenue, 572 5th Avenue, and others, Midtown West, Manhattan on July 11, 2024.

• Extell Development borrowed $620 million from JVP Management for 36 West 66th Street, Lincoln Square, Manhattan on July 02, 2024.

• Extell Development borrowed $50 million from Cain International for 1524 1st Avenue, Yorkville, Manhattan on June 26, 2024.