20 Broad Street Pledgor LLC Acquires Multifamily Asset From Nathan Berman For $332.3 Million

The property asset involved is a multifamily building located at 20 Broad Street in the Financial District of Manhattan. The sale price for the asset was $332,300,000, comprising a total of 533 units. The price per unit (PPU) is calculated at $623,452.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $332,300,000
• Units: 533
• Price Per Unit: $623,452
• Buyer: 20 Broad Street Pledgor LLC
• Seller: Nathan Berman - Metro Loft Management

The transaction involved 20 Broad Street Pledgor LLC acquiring a ground lease from Metro Loft Management, specifically from the affiliate 20 Broad Street Holdings LLC. The deal was finalized on December 23, 2024.