Metro Loft Management
40 Wall Street #1706 New York, NY 10005
People:
Metro Loft Management portfolio
$993.7 million* – office 64%, elevator 35%; Manhattan 100%, Bronx 0%
62th largest portfolio by dollar value
3,737,473 sqft – office 71%, elevator 28%;
76th largest by SF
9 properties – Manhattan 100%, Bronx 0%
903th largest
1,148 residential units – Manhattan 100%, Bronx 0%
205th largest by residential units
Company Activity past 24 months:
Buyer company: 4 for $365.5 million
Seller company: 1 for $332.3 million
Borrower company: 4 for $350 million
Top Ten Associated Companies:
Alexandria Real Estate Equities (2), Silverstein Properties (1), Edge Funds (1), HSBC Alternative Investments (1), Apollo Global Management (1), Athene Holding (1), Rudin Management (1), Banco Inbursa (1), Northwind Group (1), Citibank (1)
Top Ten Associated People:
Michael L. Levy (1), Gary Siegel (1), Jeffrey Horowitz (1), Andrew Migdon (1), Enrique Morelos-Zaragoza Borbolla (1), Gary Dean (1), David Werner (1), Judy Barnes (1), Yaro Portuhay (1), Jonathan Kaufman Iger (1)
Recent activity as company:
• Metro Loft Management sold 20 Broad Street, Financial District, Manhattan for $332.3 million to company on January 23, 2025.
• Metro Loft Management borrowed $55 million from Bank Hapoalim for 767 Third Avenue, Midtown East, Manhattan on January 15, 2025.
• Kaufman Organization sold 767 Third Avenue, Midtown East, Manhattan for $88 million to Metro Loft Management and Quantum Pacific Group on January 15, 2025.
• Metro Loft Management and Anthony Fromer borrowed $0 from BCG Holdings for 135 William Street, Financial District, Manhattan on January 03, 2025.
• Alexandria Real Estate Equities sold 235 East 42nd Street, Grand Central, Manhattan for $45 million to Metro Loft Management and David Werner Real Estate Investments on October 22, 2024.
• Metro Loft Management and David Werner Real Estate Investments borrowed $75 million from Northwind Group for 219 East 42nd Street, Grand Central, Manhattan on August 26, 2024.
• Alexandria Real Estate Equities sold 219 East 42nd Street, Grand Central, Manhattan for $60 million to Metro Loft Management and David Werner Real Estate Investments on August 26, 2024.
• Silverstein Properties and Metro Loft Management borrowed $220 million from Banco Inbursa for 55 Broad Street, Financial District, Manhattan on August 04, 2023.
• Rudin Management sold 55 Broad Street, Financial District, Manhattan for $172.5 million to Silverstein Properties and Metro Loft Management on August 04, 2023.
• Metro Loft Management, GFP Real Estate and Rockwood Capital borrowed $415 million from Apollo Global Management for 25 Water Street, Financial District, Manhattan on December 28, 2022.
Latest Stories:
• $332.3M entity level transfer at Metro Loft’s 533-unit FiDi conversion (January 24, 2025)
• Metro Loft Management pays $88M office building in Midtown East (January 16, 2025)
• Metro Loft files conversion plans for 1,463 units at former Pfizer HQ buildings (July 08, 2024)
• Silverstein pays $247.5M to Metro Loft for 416-unit elevator building in FiDi (February 08, 2022)
Properties: