NEW YORK CITY-Developer Gary Barnett has hired CBRE to market his vacant 16-17 W. 57th St. property for sale, which he acquired back in 2011.
The block-long parcel totals five stories and features 24,000 square feet and 75,000 square feet of air rights. Barnett is expecting to get back the $80 million he paid for the property when he outbid Sheldon Solow, according to the New York Post.
Barnett had hoped to develop the property into a super high-end hotel. CBRE's Darcy Stacom and Bill Shanahan are leading the marketing effort for the property. See story in the New York Post.
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