Manhattan’s Top Real Estate Moves | Real Estate News

Gary Barnett’s Extell Development just splashed $65 million on a 19-story Midtown office tower at 110 E. 55th St., part of a larger Park Avenue land grab. Meanwhile, luxury residential sales soared with a full-floor penthouse at 520 Fifth Ave. hitting $11.5M and another penthouse selling for $10.9M — both showcasing Manhattan’s elite real estate appetite. The Geneva School snapped up a Upper West Side campus for $33.2M in a bankruptcy deal, while Brooklyn and Manhattan townhouses continue their upward climb, with Brooklyn’s prices surging over 12% year-over-year.

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