Naftali files plans for 18-story condo on Upper East Side

Building at 1045 Madison Avenue will span about 63K sf

New York /
May.May 11, 2018 12:00 PM

1045 Madison Avenue (Credit: Google Maps)

In its first new project after an acquisitions lull, Miki Naftali’s Naftali Group has filed plans for an 18-story condominium building along Madison Avenue on the Upper East Side.

The 16-unit project, located at 1045 Madison Avenue, will span 63,025 square feet overall and stand 210 feet tall, according to New York YIMBY. The condos will average roughly 3,700 square feet each, and there will be 3,993 square feet of commercial space on the ground floor. Peter Pennoyer is serving as the architect.

In a statement provided to The Real Deal, Naftali said the project is “the first new development in more than two decades in the best area of Madison Avenue.”

Naftali has so far bought three of the four buildings for its Upper East Side assemblage, purchasing 1041 Madison Avenue in September for $21.1 million, 1045 Madison Avenue in October for $22.8 million and 1039 Madison Avenue in February for about $26 million. The firm has not yet closed on 1043 Madison Avenue, which houses a Davide Cenci store.

The company is also working on an assemblage play at the southeastern corner of East 83rd Street and Third Avenue. [NY YIMBY]Eddie Small


Related Articles

arrow_forward_ios
Affordable housing developers hope the federal government set a floor rate for 4 percent Low Income Housing Tax Credits. (iStock)

Affordable housing developers look to feds for financing fix

Affordable housing developers look to feds for financing fix
President Donald Trump and 1483 Shore Parkway in Brooklyn (Getty; Google Maps)

Lawsuit targets Trump for “fraudulent” rent overcharge scheme

Lawsuit targets Trump for “fraudulent” rent overcharge scheme
Blackstone's Jonathan Gray (Getty; iStock)

Blackstone acquires $358M warehouse portfolio

Blackstone acquires $358M warehouse portfolio
Simon and David Reuben with 20 East 76th Street (Getty; Google Maps)

Reuben Brothers pick up Surrey Hotel at a discount

Reuben Brothers pick up Surrey Hotel at a discount
Renderings by Archimaera

LIC will soon house the nation’s largest passive house office

LIC will soon house the nation’s largest passive house office
Mayor Bill de Blasio and the Gowanus Canal (Getty)

Gowanus infrastructure plan aims to mute rezoning foes

Gowanus infrastructure plan aims to mute rezoning foes
Multifamily sector beating the odds

Multifamily sector beating the odds

Multifamily sector beating the odds
The home improvement retailer will stay in it's Flatiron location (Google Maps)

Home Depot extends lease for Flatiron store

Home Depot extends lease for Flatiron store
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...