FINANCED
Michael Naftali Secures $177.5M Loan For Upper West Side Development Site
207-211 East 84th Street
Development Site
209,620 SF
209,620 SF
Financed 46 days ago
Summary
Loan
NEW YORK
Development Site
209,620 sqft
Located at 211 West 84th Street in the Upper West Side of Manhattan, the development site for a 45-unit condominium project secured a $177.5 million construction loan from Bank Hapoalim. The loan was obtained by Miki Naftali of the Naftali Group.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $177,500,000
- Asset Size: 104,810 SF
- Number of Units: 45
- Lender: Bank Hapoalim (BHI)
- Landlord: Miki Naftali - Naftali Group
- Market: Upper West Side, Manhattan
- Miki Naftali secured the loan for a 45-unit condominium project at 211 West 84th Street.
The Naftali Group, led by Miki Naftali, successfully closed the deal with Bank Hapoalim for the construction financing of the development site at 211 West 84th Street. The project is poised to bring 45 new units to the Upper West Side, contributing to the vibrant real estate landscape of Manhattan.
Details
FINANCED
IMAGE: Miki Naftali
DATE: 03/08/2024
ADDRESS: 211 West 84th Street
MARKET: Upper West Side, Manhattan
ASSET TYPE: Development Site ~ SF: 104,810 ~ UNITS: 45
LENDER: Bank Hapoalim (BHI) (@PoalimBank)
LANDLORD: Miki Naftali - Naftali Group (@Naftali_Group)
LOAN AMOUNT: $177,500,000
LOAN TYPE: Construction
NOTE: Naftali Group 👑 secured $177.5 million from Bank Hapoalim for a 45-unit condominium project located at 211 West 84th Street at Broadway, Upper West Side, Manhattan.View on map
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Address207-211 East 84th Street
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