Justin Kleinman
(Justin B. Kleinman)
Vanbarton Group
Owner
Vanbarton Group portfolio
(NYC’s “Market Value,” 50% or less of actual value)
$970.9 million – office 69%, elevator 11%; Manhattan 93%, Bronx 6%
60th largest portfolio by dollar value
2,824,043 sqft – office 72%, elevator 14%;
108th largest by SF
20 properties – Manhattan 85%, Bronx 15%
137th largest
1,112 residential units – Manhattan 100%, Bronx 0%
199th largest by residential units
0 foreclosures, 0 bankruptcies, 14 other court cases.
Person Activity past 24 months:
Buyer signatory: 0 for $0
Seller signatory: 2 for $312.2 million
Borrower signatory: 2 for $214.4 million
Lender signatory: 0 for $0
Developer (new building or major alteration): 0 for 0 square feet
Top Ten Associated Companies:
Northwestern Mutual Life Insurance (2), Canadian Imperial Bank of Commerce (2), Edward Ostad (1), Verv Capital (1), Bushburg Properties (1), Global Asset Properties (1), Albert Rabizadeh (1), Brookfield Asset Management (1), Vanbarton Group (1), Reformed Protestant Dutch Church of The City of New York (1)
Top Ten Associated People:
James Sharkey (2), Edward Ostad (1), Edward Cohen (1), Abraham J. Hoffman (1), Albert Rabizadeh (1), Stan J. Sloan (1), Woojoo Kim (1), Thomas Ta (1), Brian D. Bennett (1), Kenneth Nick (1)
Recent activity as signatory:
• Vanbarton Group borrowed $214.4 million from New York Life Insurance Companyand Northwestern Mutual Life Insurance for 425 Lexington Avenue, Grand Central, Manhattan on September 12, 2023.
• Vanbarton Group borrowed $0 from Vanbarton Group for 128 West 31st Street, Penn Station, Manhattan on May 31, 2023.
• Vanbarton Group sold 235 West 75th Street, Upper West Side, Manhattan for $38.7 million to RFR HoldingWaterfall Asset Management on March 23, 2023.
• Vanbarton Group sold 15 Laight Street, Tribeca, Manhattan for $273.5 million to Hyundai Motor Group on February 15, 2023.
• Vanbarton Group borrowed $82.5 million from Northwestern Mutual Life Insurance for 184 West 237th Street and 193 West 237th Street, Kingsbridge, Bronx on October 14, 2022.
• Vanbarton Group sold 175 Water Street, 175 Water Street, 175 Water Street, 175 Water Street, 175 Water Street, and others, Financial District, Manhattan for $252 million to 99c LLC on October 13, 2022.
• Reformed Protestant Dutch Church of The City of New Yorkand Marble Collegiate Church sold 3 West 29th Street, NoMad, Manhattan for $3 million to Vanbarton Group on October 04, 2022.
• Vanbarton Group borrowed $211.2 million from Brookfield Asset Management for 160 Water Street, Financial District, Manhattan on September 08, 2022.
• Vanbarton Group sold 1031-1049 Westchester Avenue and 1057 Southern Boulevard, Longwood, Bronx for $22.8 million to Global Asset Propertiesand Albert Rabizadeh on July 21, 2022.
• Vanbarton Group sold 103-109 East Burnside Avenue, 2056 Morris Avenue, and 2062 Morris Avenue, Fordham Heights, Bronx for $9.8 million to Verv Capital on June 01, 2022.
Latest Stories:
• Vanbarton Group affiliate buys $168.4M note secured by Vanbarton’s 31 Penn Plaza June 01, 2023
• Investment sales by recorded date trending downward: Chart March 27, 2023
• RFR, Waterfall acquire UWS retail condo from Vanbarton through $38.7M deed-in-lieu March 24, 2023
• Hyundai pays $273.5M to Vanbarton Group for office in Tribeca February 16, 2023
• Thomas Ta affiliate 99c LLC pays $252M to Vanbarton Group in FiDi October 14, 2022
• Vanbarton Group pays $3M to Marble Collegiate Church for dev parcel in NoMad October 05, 2022