New Development Project for MetroLoft: 443 Greenwich Street

July 20 2012

A joint venture between affiliates of Nathan Berman and an international investment group closed on the acquisition of 443 Greenwich Street today. Mr. Berman, the developer on the project, will lead the conversion of the historic Tribeca property from commercial to luxury residential use.

Constructed circa 1883 and designed by architect Charles C. Haight as a warehouse, the building is noted to have been home to various manufacturing companies, including the Semon Bache glass company and the American Steel Wool Manufacturing Company. Haight is also credited with the design of several other Tribeca buildings erected during the same era. Mr. Berman, described the building as “a quintessential Tribeca property – exactly the type of building Tribeca became known for.”

Nathan Berman is also the principal member of Metro Loft Management, LLC. Metro Loft is a vertically integrated Real Estate Development and Management company. Based in New York, Metro Loft focuses on luxury rental properties in Manhattan’s Financial District and is the largest residential manager in downtown Manhattan. Mr. Berman’s other conversion projects include nearly three million square feet of space in properties ranging from boutique lofts to art deco skyscrapers, including 116 John Street, 20 Exchange Place and 63 Wall Street.

20 Exchange Place bikes visit the Enterprise

June 13 2012

20 Exchange Place offers courtsey bikes for all it’s tenants! Where will you visit?

METROLOFT MANAGEMENT LEASING GUIDE

TO VIEW APARTMENTS

MetroLoft Management has an on-site leasing office located at The Crest, 63 Wall Street on the mezzanine level. All of our buildings are situated in the Financial District and are easily accessible from this central office. Our agents can take you on a tour of the building’s many amenities and show you available apartments that suit your rental needs. We can help you become familiarized with the neighborhood and will guide you through the application process.

To make an appointment, contact us at 212.344.6363. Or just stop by during our business hours— on weekdays from 10am – 6 pm or weekends from 12pm – 5 pm.

*If you want to see apartments that will be available in the future, you must bring government issued photo identification to enter currently occupied units with our staff.

INCOME QUALIFICATION

We require our tenants to have an annual income that is equal to 40 times the amount of the monthly rent. For example, if the rent were $2,000 a month, an applicant must document no less than $80,000 (40 x $2,000). If the apartment will be shared, the sum of all of the applicants’ income should be equal to 40 times the monthly rent. If you are unable to meet this requirement, we may ask that you provide a guarantor or show additional assets.

USING A GUARANTOR
If you will be using a guarantor throughout the application process, guarantors must document an annual income equal to 80 times the monthly rent, and must be from the United States, and provide a full application with all of the required paperwork in addition to your own documentation.

SECURITY DEPOSITS

The standard security deposit is one month’s rent. Additional security monies may be required under certain circumstances based on the paperwork provided.

THE APPLICATION PROCESS

To put an apartment on hold, an applicant must pay a $95 non-refundable application fee (which is used to run the applicant’s credit), provide a signed copy of our application and a copy of his/her government issued photo identification. This will take the apartment off of the market, “on hold,” for 48 hours to allow the applicant(s) time to gather the rest of the necessary documentation. Upon receipt of all of the required paperwork, an application can be approved and processed within a few hours.

REQUIRED DOCUMENTATION

The following documents must be provided when submitting an application from each applicant or guarantor:
• A completed and signed application form (available online, by email, or our office)
• $95.00 non-refundable application fee (cash or credit card)
• U.S. Government-issued photo identification (foreign applicants must supply a visa)
• 3 most recent bank statements (all accounts)
• 3 most recent pay stubs, or employment verification letter
• Proof of 3 most recent rent payments
• If self-employed, Income Tax returns may be requested

FURTHER REQUIRED PAYMENT
When scheduling your lease signing, keep in mind that you will need to bring certified or bank checks made payable in the amount of your first month’s rent and specified security deposit. Our professionals will be in touch with you about the specific amounts and payees for each required payment.