ATCO Properties & Management

ATCO Properties & Management portfolio

$202.9 million – office 64%, elevator 35%; Manhattan 100%, Bronx 0%

283th largest portfolio by dollar value

778,475 sqft – office 65%, elevator 34%;

407th largest by SF

4 properties – Manhattan 100%, Bronx 0%

154th largest

316 residential units – Manhattan 100%, Bronx 0%

499th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Buyer company: 0 for $0

Seller company: 1 for $30 million

Borrower company: 1 for $83 million

Lender company: 0 for $0

Developer (new building or major alteration): 0 for 0 square feet

Top Ten Associated Companies:

Prudential Financial (2), MassMutual (1), Ruben Companies (1), MetLife (1), Broadway Stages (1)

Top Ten Associated People:

Jonathan C. Neff (1), Richard Ruben (1), Abeer Abushazaleh (1), Justin Besspiata (1), Gina Argento (1)

Latest Stories:

• MetLife as former lender acquires ATCO’s Garment District building through $30M foreclosure (July 10, 2024)

• $74.7M foreclosure auction scheduled May 29 for ATCO’s Garment District building, 3rd large auction that day (May 08, 2024)

• MetLife files $72.7M pre-foreclosure at ATCO Garment District office building (July 05, 2023)

• ATCO signs $83M loan modification with MassMutual for 316-unit rental on Central Park South (May 19, 2023)

• ATCO buys out Ruben Companies 50% stake in Grand Central office building valued at $97.8M (December 13, 2022)

• Broadway Stages pays $20M to ATCO Properties for warehouse property in Middle Village (June 05, 2020)

• Broadway Stages borrows $15M from Investors Bank to purchase warehouse property in Middle Village (June 05, 2020)

• ATCO Properties & Management borrows $63M from Prudential for office property in Flatiron (January 15, 2020)

Litigation:

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Properties:

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