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Miki Naftali & David Hochfelder Landlords Secured $525M Construction Loan At 470 Kent Avenue

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FINANCED
$525,000,000
Aaron Appel
Miki Naftali
+ 1

New York

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Development Site600,000 SF
Financed
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FINANCED

Miki Naftali & David Hochfelder Landlords Secured $525M Construction Loan At 470 Kent Avenue

470 Kent Avenue

See Similar Deals
Development Site600,000 SF
Financed
Aaron Appel
Miki Naftali
+ 1
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$875
Total Square Footage:600000 SF
Transaction Type:Loan

The property asset involved in this transaction is a development site located at 470 Kent Avenue in Brooklyn, valued at 600,000 square feet. The total loan amount provided for this construction is $525,000,000.

Summary of transaction details:

  • Property Type: Development Site
  • Transaction Amount: $525,000,000
  • Lender: Aaron Casden - JP Morgan & Sam Friedland - GoldenTree
  • Landlord: Miki Naftali & David Hochfelder - Naftali Group; Jonah Sonnenborn & Len Blavatnik - Access Industries
  • Brokers: Keith Kurland & Aaron Appel - Walker & Dunlop
  • Loan Type: Construction

The key individuals involved in this transaction include Aaron Casden of JP Morgan and Sam Friedland of GoldenTree as lenders. Miki Naftali and David Hochfelder from Naftali Group, along with Jonah Sonnenborn and Len Blavatnik from Access Industries, represent the landlord interests. The brokerage services were provided by Keith Kurland and Aaron Appel from Walker & Dunlop.

Players

Aaron Appel
175 deals$27.9B volume
BROKER

Keith Kurland
Walker & Dunlop
157 deals$25.3B volume
BROKER

Walker & Dunlop
BROKERAGE



Miki Naftali
Naftali Group
18 deals$4B volume
LANDLORD



Details

FINANCED
IMAGE: Keith Kurland, Aaron Appel, Miki Naftali, David Hochfelder, Len Blavatnik, Jonah Sonnenborn, Aaron Casden & Sam Friedland DATE: 12/15/2025 ADDRESS: 470 Kent Avenue MARKET: Brooklyn ASSET TYPE: Development Site ~ SF: 600,000 LENDER: Aaron Casden - JP Morgan (@JPMorgan) & Sam Friedland - GoldenTree LANDLORD: Miki Naftali & David Hochfelder - Naftali Group; Jonah Sonnenborn & Len Blavatnik - Access Industries BROKERS: Keith Kurland (@KaKurland) & Aaron Appel - Walker & Dunlop (@WalkerDunlop) LOAN AMOUNT: $525,000,000 LOAN TYPE: Construction

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$525,000,000.00

Monthly NOI$3,500,000.00
Monthly Debt Service$3,318,357.12
Change in Cash Flow$0.00
Refinance Proceeds$0.00