Miki Naftali took one step closer to realizing his ambitious plans on Fifth Avenue The developer landed a $675 million loan from JPMorgan to close his purchase of the 33-story 800 Fifth Avenue rental building from Eliot Spitzer and the Winter Organization, sources told The Real Deal. Naftali agreed to buy the 208-unit building last March for more than $800 million, which works out to about $2,400 per square foot. He plans to tear down the existing building and replace it with a new tower, according to a source familiar with the project. Naftali’s new development consultants at Compass had […]

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