116 John Street
Update
12/28/21
Luxury FiDi Residential Building Sells for $247.5M
A 35-story residential building at 116 John Street in Manhattan's Financial District has just sold for $247.5 million. The property was purchased by Silverstein Properties from MetroLoft Management LLC. It contains 416 luxury apartment units, spread across 266,000 square feet. The building offers several tenant amenities including a roof deck, a gym, a laundry room, and a community lounge. Built-in 1931, the structure was originally used for office space and totals around 350,000 square feet. In 2012, all of its interior space was converted for residential use. MetroLoft originally acquired 116 John Street at the beginning of 2014 and the company is parting with the property after just under of 8 years of ownership.
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