Extell Development Company has sold a cluster of buildings near the corner of 14th Street and Sixth Avenue to a joint venture that plans to build high-end apartments on the site. California-based Landsea Homes Incorporated and DNA Development, a New York real estate developer and investment firm, purchased four buildings from 530 to 540 Avenue of the Americas from Extell for $52.75 million, according to the New York City Finance Department’s online database.
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When DNA Development acquired a seven-story Midtown parking garage from Gary Barnett’s Extell Development Company for more than $37 million last June, it knew that, despite the site’s relatively limited, roughly 32,000-square-foot footprint, it had a prime piece of Manhattan real estate on its hands.......
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DNA Development is the mystery buyer of Extell Development’s parking garage at 12 West 48th Street AND of a two single-room-occupancy buildings at 346-350 West 71st Street for a combined $92.5 million.
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