Extell Development Acquires 165 East 56th Street for $39M

Deal Summary

Extell Development, the real-estate firm of Gary Barnett, purchased the eight-story office building at 165 East 56th Street in Midtown Manhattan for $39 million from the American Jewish Committee. The sale, recorded in city records released Tuesday, adds to Barnett’s recent Midtown acquisitions and may be converted to residential or mixed-use under tax abatements.