NEW YORK, New York—Berkadia, along side Cushman & Wakefield, introduced the be aware sale of Resort Indigo and 500 Met, a 187-key lodge and residence constructing with 75 residential items, a parking storage, and retail house in Brooklyn’s Williamsburg neighborhood.
Steve Michels, Jared Kelso, Steve Vazquez, and Michael Forester of Berkadia Lodges & 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 be aware sale highlights the enduring power of New York Metropolis’s mixed-use market and the distinctive attraction of this asset,” stated Michels. “We had been honored to characterize Hangang Asset Administration, reflecting investor confidence in high-quality, well-located properties with long-term potential.”
Resort Indigo and 500 Met is a mixed-use growth inbuilt 2019, situated within the Williamsburg neighborhood. Spanning three addresses—500 Metropolitan Ave, 491 Keap St, and 31 Ainslie St—the property consists of 187 lodge keys, 75 residential items, 152 enclosed parking areas, a rooftop pool, and two nook retail items. The property additionally affords varied facilities.
