ABOUT
An ever-growing demand for housing in Manhattan as well as recent legislative changes that are expected to curtail the ground-up creation of residential housing units present substantial redevelopment opportunities. Metro Loft believes that the New York City conversion market continues to hold significant untapped potential.
ACQUISITION
Our focus on acquiring commercial buildings for residential conversion gives us the ability to undertake phased conversions, expanding the pool of potential projects to include partially vacant buildings and reducing the time period, as well as the accompanying cost, between the end of the commercial cash flow and the commencement of residential income. Building on its conversion expertise, reputation and existing portfolio of over 1,500 units, Metro Loft projects its portfolio to grow to a level exceeding 8,000 units.
DEVELOPMENT
Metro Loft has developed some of the most notable condominium and rental buildings in Lower Manhattan. Working with leading architects and designers, Metro Loft has undertaken conversions that have preserved each property’s unique, original details and have elevated the properties through design and amenities that reflect today’s way of living. Metro Loft’s platform also provides the agility to identify and capitalize on opportunities that arise during the development process.
MANAGEMENT
Metro Loft’s management team and style have made it ubiquitous with quality in the real estate world. Each of our properties and managers adhere to the highest standards and are responsive to our tenants’ and employees’ needs. Our ability and experience in repositioning these underperforming assets provide a unique path to continued successful participation in the high-value multifamily market.