Naftali Group-connected entity buys UES mixed-use building

Israel Discount bank provided $11M mortgage An entity connected to Miki Naftali’s Naftali Group just closed on a five-story mixed-use building on the Upper East Side for $21.1 million. The developer purchased 1041 Madison Avenue, a six-unit rental property between East 79th and East 80th streets.

After a quiet period, Naftali is back: Developer putting together Madison Ave. assemblage

Adjacent UES buildings provide more than 60K buildable sf In 2015, Miki Naftali was one of the first developers to declare that the Emperor had no clothes. Land was just too expensive for deals to make sense, he said at the time, and his company, the Naftali Group, would be focusing for a time on their active projects rather than sourcing new deals.

After a quiet period, Naftali is back: Developer putting together Madison Ave. assemblage

Adjacent UES buildings provide more than 60K buildable sf In 2015, Miki Naftali was one of the first developers to declare that the Emperor had no clothes. Land was just too expensive for deals to make sense, he said at the time, and his company, the Naftali Group, would be focusing for a time on their active projects rather than sourcing new deals.

David Hochfelder Joins The Naftali Group As EVP, Director Of Acquisitions

Veteran real estate executive David Hochfelder has joined The Naftali Group as Executive Vice President and Director of Acquisitions.

Finding Deals In New York City Is Harder Than Ever

We are the world’s #1 source for commercial real estate news Opinions expressed by Forbes Contributors are their own. Post written by Ethan Rothstein New York City is among the real estate markets with the highest barriers to entry in the world, which is why it is so appealing to so many in the industry.

Laurent Morali: President, with an asterisk

“Am I the leader of the company?” Laurent Morali, the new president of Kushner Companies, repeated the question, then answered without a moment’s hesitation. “I am.” To many New York real estate insiders, that statement may not carry much weight. Kushner Cos. is a family firm with a storied legacy.

Real Estate Deal-Makers Summit

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NY Construction & Development

Attend or sponsor our commercial real estate event in New York: NY Construction & Development.

Finding Deals In New York City Is Harder Than Ever

New York City is among the real estate markets with the highest barriers to entry in the world, which is why it is so appealing to so many in the industry. The hard work can pay off handsomely here.