Home Real Estate Naftali Group Lands $236M for UES Condo 
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Naftali Group Lands $236M for UES Condo 

Naftali Group has secured a $236 million construction loan from J.P. Morgan and Starwood Capital for 255 East 77th Street in Upper East Side, set to feature 62 luxury condos and slated for a 2024 sales launch.  

“We are pleased to announce this significant construction loan for our forthcoming 255 East 77th Street project and once again have the confidence of our lenders,” said Miki Naftali, Chairman and CEO of Naftali Group. “Following successful sell-outs of our record-breaking Manhattan projects, we have continued to show our support and confidence in New York City with strategic investments and plans for several exciting new development projects.” 

Following sell-outs of three Manhattan luxury projects since 2020, including The Benson and The Bellemont, Naftali Group has launched and sold out three luxury condo projects in Manhattan since 2020. 

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