Jewish Business News

Miki Naftali’s Real Estate Firm Selling Condos In Chelsea

July 16, 2014

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Miki Naftali’s Naftali Group is selling luxury condominiums at its “The Seymour” in midtown Manhattan’s Chelsea neighborhood.

Located at 261 West 25th Street, The Seymour has 12 stories and 49 units. The apartments range in price from $1.21 million for a 720-square foot one-bedroom to $4.865 million for a 2,000-square-foot penthouse. It replaced an older building demolished in January.

The building was designed by Goldstein, Hill & West Architects. The builders affirm that they crafted The Seymour in such a way as to fit in with the historical architectural style of the iconic Chelsea neighborhood.

The building has an industrial inspired design, with artist-studio style casement windows. The residences boast wire brushed solid oak floors and warm oak cabinetry, as well as Bianco Dolomiti marble finishing. The designers describes the apartments in flowery terms: “Beauty is in every little, closely considered detail,” and the website says the interiors were “handcrafted with meticulous attention to detail and total commitment to the finest finishing.” They retained the services of renowned craftspeople to do the job.

Residents will have use of a concierge, media room, library, lounge with fireplace and pool table, and a gym that opens to a brick-and-ivy garden. There’s also a roof deck with lounge and outdoor kitchen with city views.

Founded in 2011 by Miki Naftali and Victor Sigoura, The Naftali Group is an active developer, owner and operator of a diverse collection of real estate investments. It owns and operates real estate investments and is in various stages of development of approximately 900,000 square feet of residential property.

Since 2000, the Group’s chairman and CEO, Mr. Naftali, has orchestrated some of New York’s most significant developments, including the restoration and reconfiguration of The Plaza Hotel. His portfolio of past projects includes an array of distinct landmark buildings and ground up constructions.

As a leader in the international real estate market, Miki Naftali is involved in high-end developments and key investment opportunities in North America, Asia, and Europe.

Prior to establishing the Naftali Group, he launched and guided Elad Properties’ successful New York operation, and oversaw its tremendous expansion. Under his guidance, the company succeeded at both developing new luxury properties in neighborhoods with strong growth potential, as well as identifying landmark or significant buildings and meticulously restoring them to create unparalleled demand and value. During his tenure, Elad company demonstrated significant global reach, unmatched effectiveness and proven competitive strength.