Justin Besspiata

MetLife

Owner

LinkedIn

MetLife portfolio

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

836th largest portfolio by dollar value

231,872 sqft – office 62%, condo 18%;

1070th largest by SF

4 properties – Brooklyn 75%, Manhattan 25%

1795th largest

78 residential units – Brooklyn 100%, Manhattan 0%

1660th largest by residential units

2 foreclosures, 0 bankruptcies, 33 other court cases.

Person Activity past 24 months:

Buyer signatory: 1 for $30 million

Lender signatory: 2 for $153.6 million

Top Ten Associated Companies:

BLDG Management (1), Feil Organization (1), Lam Generation (1), ATCO Properties & Management (1)

Top Ten Associated People:

Lloyd Goldman (1), Jeffrey Feil (1), Jeffrey Lam (1), Elaine Shay (1)

Recent activity as company:

• Muss Development borrowed $25.2 million from Argentic Investment Management for 350 Jay Street, Downtown Brooklyn, Brooklyn on August 02, 2024.

• ATCO Properties & Management sold 240 West 35th Street, Garment District, Manhattan for $30 million to MetLife on July 09, 2024.

• Twining Properties, Principal Real Estate Investors and BedRock Real Estate Partners borrowed $39 million from Principal Real Estate Investors for 27-19 44th Drive and 44-16 Purves Street, Long Island City, Queens on February 09, 2024.

• BLDG Management and Feil Organization borrowed $33.6 million from MetLife for 424 Madison Avenue, Midtown East, Manhattan on November 30, 2023.

• Lam Generation borrowed $120 million from MetLife for 112-118 West 25th Street, Chelsea, Manhattan on November 06, 2023.

*The Portfolio Value is the city’s Market Value, which is typically 50% or less of actual market value.

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