Marc Kwestel
Evp Of Finance
Extell Development
Extell Development NYC portfolio
$10.1 billion* – condo 46.0%, specialty 15.0%; Manhattan 98.0%, Brooklyn 1.0%
12th largest portfolio by dollar value
4,998,380 sqft – condo 43.0%, specialty 21.0%;
54th largest by SF
925 properties – Manhattan 99%, Bronx 0%
4th largest
2,247 residential units – Manhattan 100.0%, Bronx 0.0%
91th largest by residential units
2 foreclosures, 22 bankruptcies, 20 other court cases.
Person Activity past 24 months:
Buyer signatory: 2 for $36.1 million
Seller signatory: 4 for $329.3 million
Borrower signatory: 8 for $1.4 billion
Top Ten Associated Companies:
New York Community Bank (3), Cain International (3), Bank OZK (2), Guggenheim Partners (2), Starrett Companies (2), Helaba (2), Ladder Capital (1), Bank of America (1), Athene Annuity And Life Company (1), JVP Management (1)
Top Ten Associated People:
David Goldban (2), Daniel M. Bagatta (2), David Traitel (1), Cliffton Hill (1), Christine Trotter (1), Jeffrey Horowitz (1), Anthony Shaskus (1), Anita Hematian (1), Adam Bassalali (1), Francesco Pizzolla (1)
Recent activity as company:
• Extell Development sold 355 East 86th Street, Yorkville, Manhattan for $50 million to Chess Builders on March 06, 2025.
• Extell Development borrowed $31.9 million from Helaba for 259 Clinton Street, Lower East Side, Manhattan on February 26, 2025.
• Anita Hematian and Adam Bassalali sold 15 West 46th Street, Midtown West, Manhattan for $24.8 million to Extell Development on February 18, 2025.
• 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.
• Extell Development borrowed $175 million from Cain International for 1524 1st Avenue, Yorkville, Manhattan on December 06, 2023.
• Extell Development sold 1708 Broadway, Midtown West, Manhattan for $172.8 million to Riu Hotels & Resorts on October 13, 2023.
• Extell Development borrowed $14.7 million from Pacific National Bank for 171 West 57th Street, Midtown West, Manhattan on August 02, 2023.
• Forrell & Thomas sold 171 West 57th Street, Midtown West, Manhattan for $11.3 million to Extell Development on August 02, 2023.
Latest Stories:
• Chess Builders pays $50M to Extell Development for dev site in Yorkville (March 07, 2025)
• Extell pays $24.8M to Hematian, Bassalali in Midtown West, part of dev site (February 19, 2025)
• Extell sells retail on Billionaires’ Row in Midtown West for $25M (February 17, 2025)
• Silvera Properties files plans for two-tower, 60-unit building in Chelsea (December 19, 2024)
• Extell files first two plans with 83 units on $931M Lincoln Square site (December 08, 2024)
• Chess Builders files plans for 99-unit building on First Avenue in Yorkville (November 25, 2024)
• Extell files plans for 637K sf retail, office, tower on Fifth Avenue (September 09, 2024)
• Flagstar files $100M pre-foreclosure at Extell’s Belnord retail (July 16, 2024)