Metro Loft, Anthony Fromer sign $20M refi with Citibank for 30-unit rental in FiDi

Metro Loft Management and partner Anthony Fromer through the entity 135 William Street Associates, LLC as borrower signed a refi loan with lender Citibank through the entity Citi Real Estate Funding Inc. valued at $20 million for the 30-unit residential elevator building (D7) at 135 William Street in Financial District, Manhattan.
The deal closed on April 8, 2026 and was recorded on April 17, 2026. The prior lender was Brookfield Properties which held debt that had an original loan amount of $20 million.The property has 76,988 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $259 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Metro Loft Management and Anthony Fromer was Nathan Berman . The signatory for Citibank was Anna Gutteridge . Anthony Fromer has been an executive at the Long Island development firm the We’re Group.

Prior sales, articles and revenue

The owners according to the Department of Housing Preservation and Development includes Nathan Berman, head officer and Jack Berman, officer. The business entity is 135 William Street Associates Llc. The 76,988-square-foot property generated revenue of $3 million or $39 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 30 residential units in Financial District has 76,988 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 81 feet and is 45 feet deep with a total lot size of 3,718 square feet. The lot is irregular. The zoning is C6-4 which allows for up to 10 times floor area ratio (FAR) for commercial and up to 10 times FAR for residential with inclusionary housing. The city-designated market value for the property in 2022 is $16.2 million. Citibank on April 8, 2026 bought a loan with an original principal of $20.0M from Brookfield Properties signed by Elizabeth A. Vinci , secured by 135 William Street, when owned by Metro Loft Management|Anthony Fromer.

Transaction Participants

Peter Doyle at Katten Muchin Rosenman LLP participated in the transaction on behalf of the lender.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $700 in OATH penalties in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of five of the 10 commercial properties representing 1,030,940 square feet of the 1,125,681 square feet. The largest owner is Pontegadea, followed by American Strategic Investment and then Metro Loft Management.
There are no active new building construction projects on this tax block.

The majority, or 47 percent of the 1.1 million square feet of built space are elevator buildings, with office buildings next occupying 45 percent of the space.

The borrower

The PincusCo database currently indicates that Metro Loft Management owned at least 13 commercial properties with 1,934 residential units in New York City with 5,340,790 square feet and a city-determined market value of $3 billion. (Market value is typically about 50% of actual value.) The portfolio has $338.9 million in debt, with top three lenders as Athene Holding, Bank Hapoalim, and Valley National Bank respectively. Within the portfolio, the bulk, or 87 percent of the 5,340,790 square feet of built space are office properties, with elevator properties next occupying 12 percent of the space.
The PincusCo database currently indicates that Anthony Fromer owned at least 13 commercial properties with 1,934 residential units in New York City with 5,340,790 square feet and a city-determined market value of $3 billion. (Market value is typically about 50% of actual value.) Within the portfolio, the bulk, or 87 percent of the 5,340,790 square feet of built space are office properties, with elevator properties next occupying 12 percent of the space.

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