The Real Deal New York

Miki Naftali buys from his own supply

Developer bags 182 West 82nd Street PH for $6M
By Rey Mashayekhi | August 11, 2015 04:55PM

The Naftali Group’s condominium conversion at 182 West 82nd Street was the firm’s first condo project in Manhattan, so it probably has strong sentimental value for Miki Naftali, who just picked up a pad there for $6 million.

Naftali, who founded the eponymous development firm in 2011, closed on the 2,500-square-foot duplex penthouse late last month, according to property records filed with the city Tuesday. The two-bedroom, 3.5-bathroom apartment also features a 1,900-square-foot wraparound outdoor space.

He purchased the pad through an LLC sharing the address of his New Jersey home. Naftali took out a $3.8 million mortgage from Wells Fargo Bank, according to property records.

Representatives for Naftali declined to comment on the transaction.

Condos at 182 West 82nd Street hit the market in October 2013, with the Naftali Group selling 50 percent of the units within a month.