NEW YORK, New York—Berkadia, along with Cushman & Wakefield, introduced the notice sale of Lodge Indigo and 500 Met, a 187-key resort and condominium constructing with 75 residential items, a parking storage, and retail area in Brooklyn’s Williamsburg neighborhood.
Steve Michels, Jared Kelso, Steve Vazquez, and Michael Forester of Berkadia Accommodations & Hospitality led the transaction for Hangang Asset Administration on behalf of the vendor. The customer was a three way partnership between HN Capital Companions, 109Co, and Farallon Capital Administration. The deal closed on July 16, 2025.
“Regardless of a difficult capital markets setting, the closing of the notice sale highlights the enduring power of New York Metropolis’s mixed-use market and the distinctive enchantment of this asset,” stated Michels. “We had been honored to signify Hangang Asset Administration, reflecting investor confidence in high-quality, well-located properties with long-term potential.”
Lodge Indigo and 500 Met is a mixed-use improvement inbuilt 2019, positioned within the Williamsburg neighborhood. Spanning three addresses—500 Metropolitan Ave, 491 Keap St, and 31 Ainslie St—the property consists of 187 resort keys, 75 residential items, 152 enclosed parking areas, a rooftop pool, and two nook retail items. The property additionally gives numerous facilities.