MetLife

People:

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MetLife portfolio

$60.7 million – office 60%, condo 20%; Manhattan 60%, Brooklyn 39%

816th largest portfolio by dollar value

231,872 sqft – office 62%, condo 18%;

1051th largest by SF

4 properties – Brooklyn 75%, Manhattan 25%

153th largest

78 residential units – Brooklyn 100%, Manhattan 0%

720th largest by residential units

2 foreclosures, 0 bankruptcies, 33 other court cases.

Company Activity past 24 months:

Buyer company: 3 for $98.1 million

Seller company: 0 for $0

Borrower company: 0 for $0

Lender company: 4 for $273.6 million

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

Top Ten Associated Companies:

HUBB NYC (2), Clarion Partners (2), Fortress Investment Group (2), Marx Realty & Improvement (1), Clipper Equity (1), Rockrose Development (1), Midwood Investment & Development (1), Marx Realty (1), Rose Associates (1), Urban American Management (1)

Top Ten Associated People:

John P. McCarthy (2), Steve Dluzyn (2), Katie Vaz (2), David Scheible (2), David Bistricer (1), Richard A. Brancato (1), John Usdan (1), Craig M. Deitelzweig (1), Amy Rose Silverman (1), Lloyd Goldman (1)

Latest Stories:

• Williams Equities pays $147.5M to PGIM, SJP for office on Park Avenue South (January 09, 2025)

• Strategic Hotels signs $97.75M refi for Essex Hotel in Midtown West (October 21, 2024)

• Ben-Josef Group pays $43.5M to Benchmark, for 67-unit rental in Brooklyn Heights, was $50M in 2015 (October 09, 2024)

• Prestige Properties ups debt to $280M at Co-op City shopping center (September 24, 2024)

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

• Sovereign Partners buys Nuveen’s Midtown East office building for $177M, bought for $161M in 2014 (July 10, 2024)

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

• Lam Generation signs $120M refi loan with MetLife for hotel in Chelsea (November 07, 2023)

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

• Gad Janay pays $25.8M to Veracity Partners for mixed-use in Upper West Side (May 09, 2023)

Properties:

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