ATCO Properties & Management

ATCO Properties & Management NYC portfolio

$390.9 million* – office 71.0%, elevator 28.0%; Manhattan 99.0%, Bronx 0.0%

434th largest portfolio by dollar value

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

416th largest by SF

4 properties – Manhattan 100%, Bronx 0%

1778th largest

316 residential units – Manhattan 100%, Bronx 0%

622th largest by residential units

1 foreclosure, 0 bankruptcies, 1 other court case.

Company Activity past 24 months:

Seller company: 1 for $30 million

Borrower company: 1 for $83 million

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)

Recent activity as company:

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

• ATCO Properties & Management borrowed $83 million from MassMutual for 40 Central Park South, Midtown West, Manhattan on May 18, 2023.

• ATCO Properties & Management borrowed $70 million from Prudential Financial for 630 3rd Avenue, Grand Central, Manhattan on December 12, 2022.

• Ruben Companies sold 630 3rd Avenue, Grand Central, Manhattan for $97.8 million to ATCO Properties & Management on December 12, 2022.

• ATCO Properties & Management sold 70-29 83rd Street, 70-25 83rd Street, 70-17 83rd Street, 83-14 Cooper Avenue, 84 Street, and others, Middle Village, Queens for $19.6 million to Broadway Stages on June 04, 2020.

• ATCO Properties & Management borrowed $63 million from Prudential Financial for 369 Park Avenue South, 381 Park Avenue South, Flatiron, Manhattan on January 14, 2020.