Metropolitan Transportation Authority

2 Broadway, Front 4 New York, NY 10004

People:

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Metropolitan Transportation Authority NYC portfolio

$2.9 billion -office 75%, industrial 18%, development 3%; Manhattan 79%, Brooklyn 8%, Queens 8%*

73th largest portfolio by dollar value

5,926,024 sqft – office 60%, industrial 28%, specialty 10%; Manhattan 62%, Queens 16%, Brooklyn 15%

70th largest by SF

16 properties – Manhattan 43%, Bronx 18%, Brooklyn 18%

613th largest

0 foreclosures, 0 bankruptcies, 88 other court cases.

Company Activity past 24 months:

Buyer company: 1 for $2.2 million

Top Ten Associated Companies:

Wells Fargo (1), Boston Properties (1)

Top Ten Associated People:

John G. Saclarides (1), Kevin Anderson (1), Richard Monopoli (1)

Recent activity as company:

• Bozhena Basmanov and Yakov Basmanov sold 3880 Park Avenue for $2.2 million to Metropolitan Transportation Authority on November 06, 2024.

• Taormina Holding sold 1590 Bedford Avenue for $25.2 million to Metropolitan Transportation Authority on April 02, 2024.

• Metropolitan Transportation Authority sold 20 Hudson Yards, Hudson Yards, Manhattan for $24.3 million to Wells Fargo on November 22, 2023.

• Fred Bauerschmidt sold 106-04 Merrick Boulevard for $2.9 million to Metropolitan Transportation Authority on September 01, 2023.

• Metropolitan Transportation Authority ground leased None valued at $35.2 million to Boston Properties on August 01, 2023.

• Extell Development sold 165 East 124 Street for $82 million to Metropolitan Transportation Authority on April 28, 2023.

• City of New York sold 1809 Park Avenue for $8.9 million to Metropolitan Transportation Authority on December 16, 2022.

Latest Stories:

• Extell in contract to sell 543-unit Harlem dev site for about $70M: TASE records (September 13, 2024)

• MTA pays $25.2M to Taormina Holding for industrial in Crown Heights (April 04, 2024)

• Westfield won $13.3M arbitration over Fulton Center construction failures (March 12, 2024)

• Wells Fargo pays Related, Oxford $321.7M for retail condo in Hudson Yards, part of $550M deal (December 08, 2023)

• MTA pays $2.9M for first parcel in planned Jamaica Bus Depot expansion (September 18, 2023)

• Boston Properties signs $35.2M ground lease with MTA for supertall dev site in Grand Central (August 10, 2023)

• MTA pays Extell $82M for East Harlem site next to developer’s 543-unit project (May 04, 2023)

• Extell gets permit to demolish East Harlem building ahead of 418K sf development (September 25, 2020)

• Extell Development files plans for construction of a 354K sf office building in East Harlem (April 10, 2020)

Court Records:

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Properties:

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