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Naftali Group secured a $67.5 million construction loan from First Citizens Bank for its 69-unit condo project at 307 Third Avenue in Kips Bay. The 19-story, 111,000 sq. ft. development, which includes ground-floor retail, is set to begin sales this spring and finish construction in 2026. Naftali leased the site from Snake River Development under a 99-year ground lease for $21.5 million.
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