Transaction amount: $$200,000,000
Alex Vial of Prince Realty Advisors Represented both sides of the MetroLoft acquisition of the leasehold on 20 Broad Street worth $200 million, or $423 per square foot from Vornado Realty Trust. the asset is a 27-story, 473,000-square-foot Financial District property, with Berman intending “to convert the office building to residential.” The deal for the building, which is ground-leased from the New York Stock Exchange until 2081.
Large Office Conversion for Class-A Residential
20 Broad St, New York, NY 10005