Multi-Housing News

Naftali Group Developing 20-Story NYC Condo

September 23, 2014

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New York—The Naftali Group is developing a 20-story condominium at 234 East 23rd St. in Manhattan’s Gramercy district.

The 57-unit condominium will offer upper-level residences with prime views over the Manhattan skyline, rich interior finishes and hotel-inspired amenities and lounge spaces.

“The Naftali Group fills a void in the market: High-quality units in a coveted location,” Alexa Lambert, executive vice president of Stribling Marketing Associates, which is marketing the development, says. “Even more appealing is the chance to feel like you’re living each day in a high-end hotel.”

Currently, the building is 75 percent sold with prices for the remaining residences ranging from $1.1 million for a one-bedroom to $2.9 million for three-bedroom units.

“We designed a building that speaks to the character of the neighborhood and that’s evident in the velocity of sales that we’re experiencing,” Miki Naftali, The Naftali Group’s chairman and CEO, says. “We anticipate that the few remaining units will go quite quickly.”

Interiors at 234 East 23rd St., are being designed by Rottet Studio. The residences will offer an open and airy living space with high ceilings and floor-to-ceiling casement windows that allow sunlight to spill onto the hardwood floors. The units also feature chef-caliber kitchens, including state-of-the art Sub-Zero and Bertazzoni appliances. Additionally, bathrooms boast the quality of an urban spa with state-of-the-art fixtures.

Amenities in the building include a roof terrace with a barbecue and outdoor kitchen and a garden terrace. There is also a state-of-the-art fitness center, individual private storage units and bicycle storage.