Search Results

January 29, 2020  

Lower Manhattan High-Rise Shown

Metro Loft Management is offering a Lower Manhattan apartment tower that could fetch $250 million.The 416-unit building, at 116 John Street, is 97% occupied. At the estimated value of $601,000/unit, a buyer’s initial annual yield would be roughly 4.25%.Metro Loft, headed by local investor Nathan Berman, gave the listing to Eastdil Secured.The pitch is emphasizing that all of the building’s units charge market rents. Therefore, it isn’t...

This article is free to subscribers of Real Estate Alert. If you are a subscriber, please sign in.

If you are not a subscriber, please complete the form below to purchase the article for $19.95.
First Name *
Last Name *
E-mail *
Card Number *
Expiration *
Card Code *
Address *
City *
State/Province *
Zip/Postal Code *

Purchase Article