Naftali Group Acquires Development Site On Kent Avenue For $72M

A development site located at 470 Kent Avenue in New York City has been sold for a total of $72,000,000. The property is situated in a prime location with high market value.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $72,000,000
• Address: 470 Kent Avenue, New York City

The buyers of the property are Naftali Group, represented by Miki Naftali and David Hochfelder. They have acquired the development site through the transaction.

The sale of the property was facilitated by a team of brokers. Brendan Maddigan, Ethan Stanton, Stephen Palmese, Michael Mazzara, and Winfield Clifford from JLL, as well as Robert Burton from Cushman & Wakefield, played a crucial role in completing the deal.