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    Metroloft Management

    40 Wall Street 17th Floor
    New York, NY 10005
    (212) 706-3030
    Website

    Metroloft 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 City's iconic and landmark buildings, most of which are in the Financial District or Tribeca.

    The first of those was in 1997, when Metroloft 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 more recent conversions are the apartment building at 443 Greenwich Street, which Metroloft in 2014 converted into luxury apartments. The firm also bought the former American International Group headquarters at 70 Pine Street in 2012 for $205 million, making it (at the time) the city's largest residential conversion, with a hotel at the base.

    In 2015 Metroloft closed on a $200 million ground lease for the former New York Stock Exchange building 20 Broad Street, which the firm converted into apartments. In 2020, the firm sued hospitality startup Sonder for $103 million, including more than $3 million in unpaid rent at 20 Broad Street and $100 million to cover the remainder of the lease.

    In turn, Sonder alleged Metro Loft attempted to flush the building’s water system before the city’s health inspectors could test the water for legionella bacteria, which can cause Legionnaires disease, accusing the landlord on sitting on inspectors’ findings for at least a week while Sonder guests were potentially exposed, according to the complaint. When Sonder did its own testing, it claimed it found traces of legionella throughout the building.

    • Event Office Leasing
    • Address 5 Hanover Square
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 9,625
    • Price per foot $ 32.00
    notes
    The real estate development firm signed a four-year sublease.
    • Event Retail Leasing
    • Address 63 Wall Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 1,100
    notes
    The residential and commercial real estate services provider signed a 10-year lease.
    • Event Retail Leasing
    • Address 17 John Street
    • Neighborhood Financial District
    • Borough Manhattan
    • Square feet 8,000
    notes
    The drugstore chain inked a 20-year lease for another location.
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