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Metro Loft Management

5 Hanover Square, Third Floor
New York, NY 10004
(212) 706-3030
Website

Metro Loft Management is a real estate developer and manager founded in 1995 by former Ukrainian art dealer Nathan Berman. The firm has made its name refurnishing (and in some cases, re-imagining) some of New York Citys iconic and landmark buildings, most of which are in the Financial District or Tribeca. The first of those was in 1997, when Metro Loft purchased a 15-story corporate Art Deco building in the Financial District, which two years later reaped rewards as a 111-unit residential conversion. Among the most recent conversions are the apartment building at 443 Greenwich Street, which Metro Loft in 2014 converted into luxury apartments. He also bought the former American International Group headquarters at 70 Pine Street in 2012 for $205 million, making it (at the time) the citys largest residential conversion with a hotel at the base. In 2015 Metro Loft closed on a $200 million ground lease for former New York Stock Exchange building 20 Broad Street, which the firm plans to convert into apartments.

  • Event Financing
  • Address 180 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 487,950
  • Publication Date 11/01/2019
  • Event Date 10/18/2019
  • Party 1 Metro Loft Management
  • Party 2 Deustche Bank
notes
The lender issued a loan of $000 for the Financial District property.
  • Event Sales
  • Address 175 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 270,000,000
  • Publication Date 10/11/2019
  • Event Date 09/26/2019
  • Party 1 AIG
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Gary Phillips, Will Silverman, Jeff Organisciak
  • Party 2 Metro Loft Management
notes
The buyer bought the Financial District property for $270 million.
  • Event Sales
  • Address 175 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 270,000,000
  • Publication Date 10/11/2019
  • Event Date 09/26/2019
  • Party 1 AIG
  • Party 1 Brokerage Eastdil Secured
  • Party 1 Broker Gary Phillips, Will Silverman, Jeff Organisciak
  • Party 2 Metro Loft Management
notes
The buyer bought the Financial District property for $270 million.
  • Event Financing
  • Address 180 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 453,857
  • Price $ 315,000,000
notes
The real estate firm acquired a $315 million loan to refinance the converted rental tower.
  • Event Sales
  • Address 180 Water Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 453,857
  • Price $ 450,000,000
notes
The developer bought this property from his majority conversion partners
  • Event Financing
  • Address 20 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 466,820
  • Price $ 187,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Metro Loft Management
  • Party 2 Bank of the Ozarks
notes
Nathan Berman's company secured a $187 construction and refinance loan for its gut-renovation residential project.
  • Event Financing
  • Address 20 Broad Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 466,820
  • Price $ 83,000,000
  • Publication Date 02/01/2017
  • Event Date 12/18/2016
  • Party 1 Metro Loft Management
  • Party 2 Brookfield Property Group
  • Party 2 Brokerage JLL
notes
The company secured a $83 mezzanine debt from a fund for the planned office-to-residential conversion.
  • Event Sales
  • Address 70 Pine Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 205,000,000
notes
The property sold for $205 million. According to Real Estate Weekly, the building will be transformed into 700 luxury apartments and a high-end hotel, with the conversion slated to be completed in 2013.
  • Event Retail Leasing
  • Building Name Crest
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 1,500
notes
The Parisian chocolate shop signed a 10-year lease for its third Manhattan location.
  • Event Retail Leasing
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 3,500
notes
The London-based apparel retailer inked a 10-year lease.
  • Event Office Leasing
  • Address 63 Wall Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 5,000
notes
Signs 20-year lease for first financial district branch
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