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April 11, 2018  

Extell Shops 2 NY Development Sites

Developer Gary Barnett is marketing two development sites in Manhattan that could fetch close to $200 million in total.The larger offering consists of five adjacent apartment buildings at East 85th Street and First Avenue, in the Yorkville neighborhood. The investment play is to tear down the walk-up properties and develop some 172,000 square feet of residential space. Bids are expected to reach as high as $700 per buildable foot, or $120...

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