Naftali, Rockefeller are bringing a luxury condo tower to the UES

Tower will be at 200 East 83rd Street, which Naftali purchased for $167M

May.May 09, 2019 01:35 PM
200 East 83rd Street and Naftali Group's Miki Naftali (Credit: Naftali Group)

200 East 83rd Street and Naftali Group’s Miki Naftali (Credit: Naftali Group)

Naftali Group and Rockefeller Group are partnering to bring a luxury condo tower to the Upper East Side, the companies announced on Wednesday.

Robert A.M. Stern Architects will design the ground-up tower at 200 East 83rd Street and Third Avenue. Details about its height and number of units were not immediately available.

Rockefeller Group SVP of Development Meg Brod

Rockefeller Group senior vice president of Development Meg Brod

Naftali teamed up with Rockefeller last year to bid for the Upper East Side development site, which the developers purchased it from Muss Development and the Aryeh family in March for $167 million.

The site — which contains six low-rise buildings — has more than 250,000 buildable square feet, which pencils out to roughly $668 per square foot. Naftali filed demolition plans for the address with the city on Wednesday.

Naftali is also in contract to buy 470 Kent Avenue, a large development site on the Williamsburg waterfront, from Abraham Rosenberg for between $180 million and $185 million.

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