211 West 84th

Naftali Group, represented by the entity 211 West 84th St Owner LLC, secured a construction loan worth $177.5 million from Bank Hapoalim for their 45-unit condominium project located at 211 West 84th Street in the Upper West Side of Manhattan. The loan includes $48.6 million for land and $128.9 million for building and project expenses. This loan marks the group’s second major construction financing deal this month, following a $238 million loan signed with Bank OZK earlier in March for projects in Williamsburg. The property in question has 104,810 square feet of built space, with the loan price per development square foot calculated at $1,148. The project involves the creation of residential and commercial units in a building developed by Naftali Group, with Michael Naftali serving as the principal.