Extell Pays $65M for 110 E 55th St, Files Full Demolition in 31 Days
The deed, a JPMorgan loan agreement spanning five Midtown East lots, and the demolition filing all trace to the same few weeks.
Extell Development has filed to fully demolish 110 East 55th Street in Midtown East 31 days after the deed to the building was dated, according to DOB NOW, and the ACRIS deed shows the buyer paid $65 million.
Why it matters
The buyer on the deed is 110 E 55 LLC, which took title from Park 55 Assets LLC for $65,000,000. The deed is dated July 31, 2026 and the open-data record shows it recorded Aug. 17. DOB job M01452199-I1, a Full Demolition, was filed Aug. 31 with Extell Development as owner. That is 31 days after the deed date and 14 days after recording. The job describes demolishing a 19-story structure from within. The records do not say what Extell plans to build, and we are not guessing.
The numbers
Same-day financing is the second signal. An ACRIS agreement with JPMorgan Chase Bank, dated July 31, is for $286,763,593.51. It lists five tax lots: 110 East 55th Street, 405 and 407 Park Avenue, 165 East 56th Street and 57 East 55th Street. The named parties are 110 E 55 LLC plus separate LLCs for 165 East 56th, 57 East 55th and 407 Park Avenue. A second agreement for $40,500,000 covers the same lots. A separate assignment moved a security interest on 110 East 55th Street from Dynamic Duo 55th LLC to JPMorgan. Three of the five lots sit on block 1309, which the loan documents group together. We have not matched the other LLCs to Extell on a filing, so we cannot say Extell owns them.
What’s next
Watch the DOB job, which sits in Objections, for a response and approval. Watch ACRIS and DOB NOW for a new-building application on lot 66 or any filing on the neighboring lots named in the loan. For developers and lenders, a demolition filing that follows a purchase this closely, funded by a loan that spans several parcels, is the pattern worth tracking. More deal coverage is on the New York market page.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS deed 2026080400836002 conveys 110 East 55th Street (block 1309, lot 66) to 110 E 55 LLC from Park 55 Assets LLC for $65,000,000. The deed is dated July 31, 2026 and the open-data record shows it recorded Aug. 17, 2026. DOB NOW job M01452199-I1, a Full Demolition filed Aug. 31, 2026, therefore came 31 days after the deed date and 14 days after recording.View the record on a836-acris.nyc.gov
- Public recordACRIS agreement 2026080400836004, dated July 31, 2026, is for $286,763,593.51 with JPMorgan Chase Bank. Its legals list five tax lots: 110 East 55th Street (1/1309/66), 405 Park Avenue (1/1309/1), 407 Park Avenue (1/1309/69), 165 East 56th Street (1/1311/33) and 57 East 55th Street (1/1291/127). The named parties are 110 E 55 LLC, 165 East 56th Street LLC, 57 East 55th Street LLC and 407 Park Avenue LLC, so one loan ties the new purchase to four other Midtown East properties.View the record on a836-acris.nyc.gov
- Public recordA second JPMorgan agreement, 2026080400836005, dated July 31, 2026 for $40,500,000, lists the same five lots and the same borrower entities. A third document in the batch, 2026080400836003, assigns a security interest on 110 East 55th Street from Dynamic Duo 55th LLC to JPMorgan Chase Bank, dated July 28, 2026.View the record on a836-acris.nyc.gov
- Public recordDOB NOW job M01452199-I1 lists the owner as Extell Development and describes full demolition of a 19-story structure using hand-held and mechanical means from within the structure. Its status on the open-data record is Objections as of Sept. 22, 2026.View the record on data.cityofnewyork.us
Sources
- NYC ACRIS, deed document 2026080400836002Deed, 110 East 55th Street (block 1309, lot 66), $65,000,000, 110 E 55 LLC from Park 55 Assets LLC
- NYC ACRIS, agreement document 2026080400836004Agreement with JPMorgan Chase Bank, $286,763,593.51, covering five Midtown East lots
- NYC ACRIS, agreement document 2026080400836005Second JPMorgan agreement, $40,500,000, same five lots
- NYC ACRIS, assignment document 2026080400836003Assignment from Dynamic Duo 55th LLC to JPMorgan Chase Bank, 110 East 55th Street
- NYC DOB NOW job filing M01452199-I1Full Demolition filed Aug. 31, 2026, owner Extell Development, 19-story structure