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Miki Naftali

CEO
Naftali Group
1700 Broadway, 16th Floor
New York, NY
212.759.9777
Website

Miki Naftali is the chairman and CEO of the New York real estate development firm Naftali Group. He was formerly head of the Elad Group real estate and hotel development conglomerate based in Israel and its New York-based subsidiary, Elad Properties.

Naftalis signature project is the Plaza Hotel, which Elad purchased in 2004 for $675 million and spent $500 million to renovate. While at Elad, Naftali and partners won the bid to begin a $2 billion hotel, residential and retail development in Singapore called Beach Road. He founded Naftali Group in 2009.

At Naftali Group, Miki Naftali specializes in the development of luxury condominium buildings in New York City, and was one of the most active residential developers coming out of the recession, erecting three rental buildings and six condominium buildings since that time. Naftali Groups portfolio includes more than 1,000 residential units and approximately 1 million square feet.


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...