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

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.