Naftali buys two vacated Vornado properties for $71M

After vacating a pair of Upper East Side buildings of tenants over the summer, Vornado Realty Trust has sold them to Naftali Group for about 18% more than it paid four years ago. The Miki Naftali–led development and investment firm paid $71 million for the two adjacent properties — one retail and one apartment building — at the corner of Madison Avenue and East 86th Street, city property records show. Steve Roth’s Vornado had acquired

source https://therealdeal.com/2019/12/13/naftali-buys-two-vacated-vornado-properties-for-71m/