Miki Naftali And David Hochfelder Of Naftali Group Acquire Development Site From Eliot Spitzer For $810M

The property asset involved in this transaction is a development site located at 800 5th Avenue in the Lenox Hill market. The sale price for this site was $810,000,000, with a total square footage of 350,000, resulting in a price per square foot of $2,314.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $810,000,000
• Address: 800 5th Avenue
• Market: Lenox Hill
• Square Footage: 350,000
• Price Per Square Foot: $2,314
• Buyer: Miki Naftali & David Hochfelder - Naftali Group
• Seller: Eliot Spitzer - Spitzer Enterprises
• Brokers: Adam Spies, Marcella Fasulo & Douglas (Doug) Harmon - Newmark

The key individuals involved in the deal include Miki Naftali and David Hochfelder, who represented the Naftali Group as the buyers, and Eliot Spitzer, who represented Spitzer Enterprises as the seller. The brokers facilitating the transaction were Adam Spies, Marcella Fasulo, and Douglas Harmon from Newmark.