Justin Besspiata
MetLife
Owner
MetLife NYC portfolio
$103.7 million* – condo 44%, office 28%; Brooklyn 71%, Manhattan 28%
1152th largest portfolio by dollar value
231,872 sqft – office 62%, condo 18%;
1063th largest by SF
4 properties – Brooklyn 75%, Manhattan 25%
1819th largest
78 residential units – Brooklyn 100%, Manhattan 0%
1652th 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 signatory:
• 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.
Latest Stories:
• 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)
• Principal Real Estate borrows $39M from Metlife for 168-unit LIC rental (February 08, 2021)