Extell, Megalith will partner to build UWS condo tower
August 29, 2014


Extell Development plans to build a large condominium tower in partnership with Megalith Capital Management a half a block from Central Park West on land each firm will contribute to the project, recent court records show.

For its part, Extell is paying Congregation Habonim $45 million for a synagogue located at 44 West 66th Street, between Central Park West and Columbus Avenue. It will combine that with Megalith’s three-building package next door at 36-40 West 66th Street, to create a 15,000 square foot footprint for the condo tower...

The complex sale of the Habonim parcel to Extell was handled by an investment sales team from Savills Studley, David Carlos and Ira Schuman. The sale will generate a commission of $1.88 million to be paid by the congregation, the court records reveal.

Extell, Megalith will partner to build UWS condo tower




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