Naftali Group

1045 Madison Avenue

The Naftali Group Files for Peter Pennoyer-Designed Condos at 1045 Madison Avenue on the Upper East Side

The blocks of Madison Avenue on the Upper East Side very rarely see new developments, but today, YIMBY has the scoop for new building applications filed at 1045 Madison Avenue, on the east side of the street between East 79th and East 80th Streets. There, the talented Peter Pennoyer will be designing a new 18-story condominium project for The Naftali Group.

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Miki Naftali

Interview With The Developer: Miki Naftali On The Upper West Side, & The State of New York City’s New Developments

The Naftali Group has been working on several substantial new developments over the past few years, and two of the more prominent buildings are almost across the street from each other, at 210 West 77th Street, and at 221 West 77th Street, in the heart of the Upper West Side. YIMBY caught up with Miki Naftali at 210 West 77th Street to discuss how the firm’s other projects are coming along, how they managed to acquire two development sites that avoid the red tape that chokes so much of the Upper West Side, and the state of the market in general.

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275 West 10th Street

13-Story, 42-Unit Condominium Conversion Refinanced At 275 West 10th Street, West Village

Back in June of 2014, Starwood Capital Group and Naftali Group filed applications to convert the 13-story, 145-unit rental building at 275 West 10th Street, in the West Village, into 38 condominium units. Now, the developers have secured a $65.9 million loan for the project, dubbed the Shephard, according to The Real Deal. The property sits within the Greenwich Village Historic District Extension, so any exterior alterations to the structure would have to be approved by the Landmarks Preservation Commission. As filed, the building will see its residential space reduced from 139,547 to 136,948 square feet. The condominium units will average a very spacious 3,604 square feet apiece, some of which include penthouse and duplex units. Amenities include a library, a spa, a recreation room, and a fitness center. Beyer Blinder Belle is the design architect and Gachot Studios is the interior designer. The conversion is expected to be complete in 2017.


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