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Naftali Group

1700 Broadway, 16th floor
New York, NY 10019
(212) 759-9777
Website
[email protected]

Naftali Group is a Manhattan-based real estate development firm founded in 2011 by Miki Naftali. Since launching, Naftali has been prolific, developing or managing more than 15 luxury residential mixed-use properties in Manhattan and Brooklyn, including the Shephard in the West Village, several properties on the Upper West Side, including 182 West 82nd Street, 210 West 77th Street and 221 West 77th Street, and both the Arthur and the Seymour on West 25th Street. The firm also helped develop the tallest dormitory in the U.S., for Pace University. The firm's stated approach is to keep busy, but it remain lean, with a small team taking advantage of opportunity and preparing for the inevitable down cycles. It also prefers to finance a good deal of its projects, aiming to chip in at least 50 percent of the loan in many cases. With an eye toward owning office space and other income-producing properties, Naftali has also taken on rentals in Park Slope (the Landmark Park Slope at 267 Sixth Street). Prior to forming his firm, Naftali won accolades and infamy for his renovation of the Plaza Hotel while with the Elad Group.

Naftali Group, CEO
1700 Broadway, 16th Floor, New York, NY, 212.759.9777
Miki Naftali is the chairman and CEO of the New York real estate...
  • Event Financing
  • Address 200 East 83rd Street
  • Neighborhood Yorkville
  • Borough Manhattan
  • Square feet 250,000
  • Price $ 176,000,000
  • Publication Date 07/12/2019
  • Event Date 07/11/2019
  • Party 1 Naftali Group
  • Party 2 HSBC
notes
The owner secured a construction loan of $176 million for the Yorkville property.
  • Event Financing
  • Address 1039 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Price $ 120,400,000
  • Publication Date 07/12/2019
  • Event Date 07/09/2019
  • Party 1 Naftali Group
  • Party 2 Bank Hapoalim
notes
The owner secured a construction loan of $120.4 million for the Upper East Side portfolio.
  • Event Financing
  • Address 267 6th Street
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Square feet 103,328
  • Price $ 48,000,000
  • Publication Date 05/07/2018
  • Event Date 04/23/2018
  • Party 1 Naftali Group
  • Party 2 Helaba
notes
The owner secured a $48 million refinancing loan for the Park Slope building.
  • Event Financing
  • Address 1085 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 60,858
  • Price $ 11,000,000
  • Publication Date 11/01/2017
  • Event Date 09/18/2017
  • Party 1 Naftali Group
  • Party 2 Israel Discount Bank
notes
The real estate developer took out an $11 million mortgage to finance its latest acquistion.
  • Event Sales
  • Address 1085 Madison Avenue
  • Neighborhood Upper East Side
  • Borough Manhattan
  • Square feet 60,858
  • Price $ 21,100,000
  • Publication Date 11/01/2017
  • Event Date 09/18/2017
  • Party 1 Albert Monasebian, Yusuf Bildirici
  • Party 2 Naftali Group
notes
The real estate developer acquired the 8-unit building for $21.1 million.
  • Event Sales
  • Building Name Shephard
  • Address 275 West 10th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Square feet 137,000
  • Price $ 10,300,000
  • Publication Date 04/01/2017
  • Event Date 02/15/2017
  • Party 1 Naftali Group
  • Party 2 Tremada Holdings
notes
The 14 residential condo units, occupied by rent-stabilized tenants, were sold for $10.3 million.
  • Event Sales
  • Address 33 Beekman Street
  • Neighborhood Lower Manhattan
  • Borough Manhattan
  • Square feet 179,000
  • Price $ 196,300,000
  • Price per foot $ 1,096.65
notes
The ground lease sold for $158.3 million.
  • Event Financing
  • Address 275 West 10th Street
  • Neighborhood West Village
  • Borough Manhattan
  • Price $ 65,900,000
  • Publication Date 04/01/2016
  • Event Date 02/15/2016
  • Party 1 Starwood Capital, Naftali Group
notes
The company refinanced a $65.9 million loan.
  • Event Residential Sales
  • Building Name 261 West 25th Street
  • Address Unit 10A, 261 West 25th Street
  • Unit 10A
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 810
  • Price $ 1,578,288
  • Price per foot $ 1,948.50
  • Publication Date 03/29/2016
  • Event Date 03/22/2016
  • Party 1 Naftali Group
  • Party 1 Entity 261 Owner LLC
  • Event Financing
  • Address 219 West 77th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 104,000,000
  • Publication Date 10/01/2015
  • Event Date 08/22/2015
  • Party 1 Naftali Group
  • Party 2 Deutsche Bank
  • Party 2 Brokerage Maverick Capital Partners
notes
The firm received a $104 million construction loan.
  • Event Sales
  • Address 316 Bergen Street
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Price $ 52,200,000
  • Publication Date 02/01/2015
  • Event Date 12/18/2014
  • Party 1 Naftali Group
  • Event Retail Leasing
  • Address 142 West 23rd Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 2,100
notes
The developer signed a lease for showroom space for a new condo building.
  • Event Sales
  • Building Name 206-210 West 77th Street
  • Address 206 West 77th Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 55,480,000
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 2 The Naftali Group
notes
The property sold for $55.48 million. The parking garage on the parcel will be demolished to make way for a new condo development. The project is expected to break ground in 2014.
  • Event Sales
  • Building Name 234-238 East 23rd Street
  • Address 234 East 23rd Street
  • Neighborhood Gramercy Park
  • Borough Manhattan
  • Square feet 62,000
  • Price $ 19,500,000
  • Price per foot $ 314.52
  • Publication Date 08/01/2013
  • Event Date 06/22/2013
  • Party 1 Westwater Equities LLC, Lee Fat Property Inc.
  • Party 1 Brokerage Besen & Associates
  • Party 1 Broker Adam Traub
  • Party 2 The Naftali Group
  • Party 2 Brokerage Besen & Associates
  • Party 2 Broker Amit Doshi
notes
The property sold for $19.5 million. The site currently contains two apartment buildings with 13 residential units and three retail units. Includes 238 East 23rd Street.
  • Event Sales
  • Building Name 245-259 West 25th Street
  • Address 245 West 25th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 37,000,000
  • Price per foot $ 500.00
  • Publication Date 02/01/2013
  • Event Date 12/23/2012
  • Party 1 Haruvi family
  • Party 2 The Naftali Group
notes
The rental building sold for $37 million, or about $500 per square foot, Crain's reported.
  • Event Sales
  • Address Upper West Side portfolio
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 17,050,000
  • Event Sales
  • Address 182 West 82nd Street
  • Neighborhood Upper West Side
  • Borough Manhattan
  • Price $ 17,050,000
  • Publication Date 10/01/2012
  • Event Date 08/22/2012
  • Party 1 Portnof Realty Corporation
  • Party 1 Brokerage Besen & Associates
  • Party 1 Broker Abraham Aderet, Iris Rossano, Amit Doshi
  • Party 2 The Naftali Group, Praedium Group
notes
The package of contiguous apartment buildings sold for $17.05 million. The properties are located at 176, 178, 180 and 182 West 82nd Street.
  • Event Sales
  • Address 95 Third Avenue
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Price $ 6,720,000
  • Event Sales
  • Address 363 Fourth Avenue
  • Neighborhood Gowanus
  • Borough Brooklyn
  • Price $ 10,700,000
  • Publication Date 04/01/2012
  • Event Date 02/16/2012
  • Party 1 Broker James Dario
  • Party 2 Naftali Group
Manhattan, 10075
Naftali Group, 1041-1045 MADISON ASSOCIATES LLC
This property is a new development. The developer(s) filed plans in May of...
Manhattan, 10028
NAFTALI GROUP
...
Manhattan, 10028
NAFTALI GROUP
...
Manhattan, 10028
NAFTALI GROUP
...
Manhattan, 10010
NAFTALI GROUP, 234-238 E. 23RD PROPERTY OWNER, L.L.C.
...
Brooklyn, 11217
NAFTALI GROUP, 316 DEVELOPMENT LLC
312 Bergen Street is a 67,998 square foot building in the Boerum Hill...
Brooklyn, 11217
Naftali Group, 316 DEVELOPMENT LLC
312 Bergen Street is a 67,998 square foot building in the Boerum Hill...
Brooklyn, 11215
Naftali Group | Pearlmark Real Estate Partners, NOREAST DEV. CORP
371 4 Avenue is a 94,531 square foot building in the Park Slope...
Brooklyn, 11211
LORDAN HUMBOLDT LLC
484 Humboldt Street is a 13,500 square foot property built in 1928 in...
Manhattan, 10001
Naftali Group, 261 OWNER LLC
...
Manhattan, 10024
Naftali Group, 82ND STREET ASSOCIATES LLC D/B/A 82ND STREET NY APARTMENTS. ASSOC., LLC
The sponsor(s) filed plans on 04/19/13 for a condo project at 176-182 West...
Manhattan, 10010
234-238 E. 23RD PROPE
...
Manhattan, 10024
Naftali Group, NAFTALI GROUP
...
Manhattan, 10001
245 PARTNERS LLC
...
Manhattan, 10028
Naftali Group, DRK THIRD AVENUE LLC
The sponsor(s) filed plans on 06/17/16 for a condo project at 176 East...
Brooklyn, 11217
Naftali Group|AEW Capital Management, 316 BERGEN STREET LLC
...
Manhattan, 10024
Naftali Group, 223 WEST 77TH STREET OWNER LLC
The sponsor(s) filed plans on 10/31/14 for a condo project at 219-223 West...
Manhattan, 10024
Naftali Group, 206-210 W. 77TH PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 07/03/14 to test the market with a project...
Manhattan, 10014
Naftali Group, TREMADA WEST 10TH STREET LLC
The sponsor(s) filed plans on 08/11/14 for a condo project at 275 West...
Manhattan, 10038
Naftali Group, THE NAFTALI GROUP
33 Beekman Street is a 139,534 square foot building in the Financial District...

06/01/2017
She was followed by Stribling’s Lambert, who racked up $440.5 million in new development sales, including deals at the Naftali Group’s 210 West 77th Street, a 25-unit condo designed by Thomas Juul-Hansen...

05/01/2016
In addition, Stribling’s jacked up its listing volume by roughly 26 percent to nearly $873 million from almost $693 million. The firm’s priciest listing is a penthouse at the Naftali Group’s condo the Shephard, at 275 West 10th Street, asking $29.5 million...

11/01/2014
The company started with a rental project, Naftali Group’s 245 West 25th Street, and has helped launched three condo developments so far...

08/01/2014
“The cost of land and construction â€' land is triple and construction is at least 40 percent more â€' it’s almost impossible to build rental. It doesn’t pencil out,” said Miki Naftali, chairman and CEO of the Naftali Group, the Manhattan-based firm that entered the Brooklyn market two years ago...

07/01/2014
From left: Michael Shvo, 220 Central Park South and Miki Naftali It’s no secret that prices for both luxury condos and development sites are surging From left: Michael Shvo, 220 Central Park South and Miki Naftali It’s no secret that prices for both luxury condos and development sites are surging...
Manhattan, 10075
Naftali Group, 1041-1045 MADISON ASSOCIATES LLC
This property is a new development. The developer(s) filed plans in May of...
Manhattan, 10010
NAFTALI GROUP, 234-238 E. 23RD PROPERTY OWNER, L.L.C.
...
Brooklyn, 11217
Naftali Group, 316 DEVELOPMENT LLC
312 Bergen Street is a 67,998 square foot building in the Boerum Hill...
Manhattan, 10001
Naftali Group, 261 OWNER LLC
...
Manhattan, 10024
Naftali Group, NAFTALI GROUP
...
Manhattan, 10028
Naftali Group, DRK THIRD AVENUE LLC
The sponsor(s) filed plans on 06/17/16 for a condo project at 176 East...
Manhattan, 10024
Naftali Group, 206-210 W. 77TH PROPERTY OWNER, L.L.C.
The sponsor(s) filed plans on 07/03/14 to test the market with a project...
Manhattan, 10024
Naftali Group, 223 WEST 77TH STREET OWNER LLC
The sponsor(s) filed plans on 10/31/14 for a condo project at 219-223 West...
Manhattan, 10014
Naftali Group, TREMADA WEST 10TH STREET LLC
The sponsor(s) filed plans on 08/11/14 for a condo project at 275 West...
Manhattan, 10038
Naftali Group, THE NAFTALI GROUP
33 Beekman Street is a 139,534 square foot building in the Financial District...