Last updated on Feb 5, 2026

116 John Street

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Overview of 116 John Street

116 John Street is a 35 story Art Deco office building in the Financial District, originally designed by Charles Glaser and Louis Allen Abramson in 1931. In 2015, Metro Loft Management converted the Depression era structure into 418 rental apartments, with Avinash Malhotra serving as the conversion architect. The building, also known as 1 Platt Street and 225-235 Pearl Street, features a three story limestone base with light colored masonry above and six main setbacks across the top nine floors. The lobby is notably spacious and lined with marble.

The conversion from office to residential use resulted in many apartments with unusual and distinctive layouts. All units feature 11 foot ceilings, and floor plans include everything from studios to one bedrooms and flex layouts. Specific examples include a 25 sided corner one bedroom on the 30th floor, studios with living and dining rooms stretching up to 37 feet long, and various units with angled bedrooms, wraparound balconies, and long entry foyers. The building's office origins created these unconventional configurations that set it apart from typical residential construction.

Apartments come outfitted with oak strip flooring, custom European cabinetry, marble countertops, stainless steel appliances, and contemporary tile baths. Select units include private terraces or balconies. The building is managed by Inspire, a residential brand developed by Silverstein Properties, and offers reduced security deposits of $1,500 for qualified applicants.

Amenities include a 24 hour concierge, doorman, live-in superintendent, state-of-the-art fitness center, resident lounge, furnished roof deck, storage, laundry, and valet services. The building is pet friendly and benefits from excellent transit access to the 2, 3, 4, 5, 6, A, C, J, and Z subway lines.

Doorman

Full Time

Type

Rental

Year Built

1930

Apartments

418418 (view all units)

Floors

Pets: Allowed

Neighborhood

Financial District (Manhattan)

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Amenities

Concierge
FT Doorman
High-Rise
Pre War
Resident Storage
Rooftop Terrace
Washer/Dryer in building
Elevator
Mail Room
Valet Parking
Lounge
Fitness Center
Outdoor Entertainment Space
Valet Services
Live-In Superintendent
Terraces / Balconies

Area Map StreetView

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at William 0.14 miles

at Church and Dey 0.35 miles

at Centre and Reade 0.40 miles

at Church and Park Pl 0.41 miles

at Greenwich 0.41 miles

Pros & Cons

Close to Subway
Doorman
Pets allowed
Gym
Not far from the South Street Seaport
11-foot ceilings
Storage
Large lobby
Live-in superintendent
Roof deck
Concierge

Many unusual layouts
No garage
Many apartments

CityRealty Rating

/44

Architecture

/36

Location

/39

Features

Editor’s Points

CITYREALTY
RATING

How is the CityRealty Rating calculated?
Architecture

30+ remarkable

20-29 distinguished

11-19 average

< 11 below average
Location

27+ remarkable

18-26 distinguished

9-17 average

< 9 below average
Features

22+ remarkable

16-21 distinguished

9-15 average

< 9 below average
CityRealty’s Ratings Explained

Managed by Metro Loft Management

Metro Loft Management was founded in 1997 by Nathan Berman and is headquartered at 40 Wall Street in Manhattan's Financial District. The firm is a vertically integrated real estate developer and management company specializing in converting commercial buildings, primarily in Lower Manhattan, into rental residences. Over the past two decades it has repurposed dozens of downtown properties and built a portfolio of thousands of apartments. Its residential buildings, mainly in neighborhoods like the Financial District and Tribeca, offer an upscale urban living experience. Many feature high ceilings and loft-style layouts, with full-service amenities such as 24-hour doormen and concierge, fitness centers, resident lounges and rooftop terraces.

Metro Loft's projects extend to large-scale conversions of former offices and mixed-use buildings. One example is 116 John Street in the Financial District — a 1931 Art Deco office tower the firm transformed into modern rental apartments. Across its portfolio, Metro Loft emphasizes preserving historic character while adding contemporary comforts. The company highlights attentive, resident-focused service and amenity-rich design. By blending vintage downtown style with on-site conveniences such as fitness centers, lounges and rooftop decks, Metro Loft aims to create full-service urban communities appealing to renters.

More about Metro Loft Management

Other buildings managed by Metro Loft Management:

135 William Street Financial District

47 Ann Street Financial District

71 Leonard Street Tribeca

Pricing Comparison of Similar Buildings

View Detailed Comparison

Alternate Addresses

1 Platt Street
114-120 John Street
225-235 Pearl Street

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RLS IDX Data display by CityRealty.com, LLC. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and for no listing shall the number of bedrooms listed be considered a legal conclusion.

All closed sales data has been provided by the New York City Department of Finance via the Automated City Register Information System (ACRIS). No warranty or representation is made as to the accuracy of any data provided by ACRIS or any other sources.

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An equal housing opportunity

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116 John Street

Overview of 116 John Street

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Amenities

Pros & Cons

CityRealty Rating

How is the CityRealty Rating calculated?

Managed by Metro Loft Management

Other buildings managed by Metro Loft Management:

Pricing Comparison of Similar Buildings

Alternate Addresses

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Market Data

Market Insight

CityRealty

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