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Metro Loft Sells Multifamily Asset On 116 John Street In FiDi To Larry Silverstein, Tal Kerret, Marty Berger & David Marks For $247.5M

Property Image
SOLD
Larry Silverstein
Nathan Berman
TK
+ 2

New York

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MultiFamily1,109,970 SF
Sold 06/11/2018
the dealplayerscompscontact
Property Image
SOLD

Metro Loft Sells Multifamily Asset On 116 John Street In FiDi To Larry Silverstein, Tal Kerret, Marty Berger & David Marks For $247.5M

15 Cliff St, New York, NY 10038, USA

See Similar Deals
MultiFamily1,109,970 SF
Sold 06/11/2018
Larry Silverstein
Nathan Berman
TK
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:1,109,970 SF
Transaction Type:Sale

The multifamily property located at 116 John Street in FiDi has been sold in a closed transaction. The property consists of 416 units with a total square footage of 265,831. The sale price for this transaction was $247,500,000, resulting in a price per unit of $594,951 and a price per square foot of $931.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $247,500,000

The buyer of this property was Larry Silverstein, Tal Kerret, Marty Burger, and David Marks from Silverstein Properties. The seller was Metro Loft represented by Nathan Berman. Lenny Sporn from Sporn Group LLC acted as the buyer's representative, while Khashy Eyn from Platinum Properties represented the seller.

Players

Larry Silverstein
Silverstein Properties
Larry Silverstein
11 deals$1.6B volume
BUYER
TK
Silverstein Properties
Tal Kerret
2 deals$247.5M volume
BUYER
MB
Silverstein Properties
Marty Berger
2 deals$247.5M volume
BUYER
DM
Silverstein Properties
David Marks
3 deals$251M volume
BUYER
Nathan Berman
Nathan Berman
18 deals$4.5B volume
SELLER

Details

SOLD
IMAGE: Tal Kerret, Marty Burger, Nathan Berman, Larry Silverstein, David Marks, Lenny Sporn & Khashy Eyn DATE: 12/22/2021 ADDRESS: 116 John Street MARKET: FiDi ASSET TYPE: Multifamily BUYER: @SilversteinProperties Larry Silverstein, Tal Kerret, Marty Berger & David Marks SELLER: Metro Loft - Nathan Berman BUYER'S REP: Lenny Sporn (@LennySporn) - Sporn Group LLC SELLER'S REP: Khashy Eyn - @PlatinumProperties_nyc SALE PRICE: $247,500,000 UNITS: 416 ~ PPU: $594,951 SF: 265,831 ~ PPSF: $931

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