Barnett: Central Park Tower will fall short of $4B sellout

Another Central Park Tower pad has sold for far less than its original ask, and developer Gary Barnett recognizes his supertall isn’t going to achieve the lofty sellout he once envisioned. The latest sponsor unit to sell at Billionaires’ Row’s tallest skyscraper went for $43 million, the Wall Street Journal reported , 33 percent less than the $63.8 million Barnett’s Extell Development originally sought when it placed it on the market in 2019. The anonymous

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Why Gary Barnett is selling Central Park Tower at 25% off

New York City’s priciest condominium project is proving to be a lot less expensive than advertised. Since closings began at Gary Barnett’s Central Park Tower in February, sales have hit public records for 33 units, most boasting prized park views. But per square foot, the high-flying developer is getting 25 percent below what he was aiming for, according to an analysis by The Real Deal. The average sale price per square foot was $5,063, compared

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Developer Alex Sapir sells South Florida penthouse for $33M

Alex Sapir’s Sapir Corp. sold the penthouse at its luxury oceanfront condo building in Surfside for $33 million, marking one of the most expensive condo sales to close this year. A private equity executive paid cash for the 7,681-square-foot triplex condo at Arte by Antonio Citterio at 8955 Collins Avenue, which is record-breaking in Surfside at about $4,300 per square foot, Sapir said. The Wall Street Journal first reported the deal. The closing adds to

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