Justin Kleinman
(Justin B. Kleinman)
Executive Vice President
Chief Operating Officer
BLDG Management
Owner
417 Fifth Ave 4th floor New York, NY 10016
BLDG Management NYC portfolio
$4.2 billion -elevator 40%, office 16%, industrial 14%; Manhattan 73%, Queens 20%, Bronx 2%*
62th largest portfolio by dollar value
7,070,770 sqft – elevator 49%, office 18%, condo 8%; Manhattan 76%, Queens 14%, Bronx 7%
66th largest by SF
174 properties – Manhattan 58%, Queens 22%, Bronx 12%
31th largest
5,449 residential units – Manhattan 75%, Queens 22%, Bronx 1%
66th largest by residential units
0 foreclosures, 0 bankruptcies, 2 other court cases.
Person Activity past 24 months:
Seller signatory: 1 for $18.5 million
Developer (new building or major alteration): 2 for 0 square feet
Top Ten Associated Companies:
Northwestern Mutual Life Insurance (2), Canadian Imperial Bank of Commerce (2), Raizel Feder (1), Reformed Protestant Dutch Church of The City of New York (1), Marble Collegiate Church (1), Global Asset Properties (1), Albert Rabizadeh (1), New York Life Insurance Company (1), RFR HoldingWaterfall Asset Management (1), Otera Capital (1)
Top Ten Associated People:
James Sharkey (2), Raizel Lebovits (1), Stan J. Sloan (1), Albert Rabizadeh (1), Lisa Bai (1), Daniel C. Knuth (1), Kenneth Nick (1), Brian D. Bennett (1), Edward Ostad (1), Thomas Ta (1)
Recent activity as signatory:
• BLDG Management sold 89-47 164 Street for $18.5 million to Raizel Feder on May 12, 2026.
• Vanbarton Group borrowed $214.4 million from New York Life Insurance Company and Northwestern Mutual Life Insurance for 139 East 43 Street on August 28, 2023.
• Vanbarton Group on May 16, 2023 bought a loan with an original principal of $168.4 million from Morgan Stanley, signed by Jane Lam, secured by 133 West 30 Street, when owned by Vanbarton Group.
• Vanbarton Group sold 235 West 75th Street, Upper West Side, Manhattan for $38.7 million to RFR HoldingWaterfall Asset Management on March 15, 2023.
• Vanbarton Group sold 17 Laight Street for $273.5 million to Hyundai Motor Group on February 15, 2023.
• Vanbarton Group borrowed $82.5 million from Northwestern Mutual Life Insurance for 190 West 237 Street on October 10, 2022.
• Vanbarton Group sold 175 Water Street, 175 Water Street, 175 Water Street, 175 Water Street, 175 Water Street, and others, Financial District, Manhattan for $252 million to 99c LLC on October 06, 2022.
• Reformed Protestant Dutch Church of The City of New York and Marble Collegiate Church sold 7 West 29 Street for $3 million to Vanbarton Group on September 13, 2022.
• Vanbarton Group borrowed $211.2 million from Brookfield Asset Management for 10 Fletcher Street on August 30, 2022.
• Vanbarton Group sold 1052 Simpson Street for $22.8 million to Global Asset Properties and Albert Rabizadeh on July 13, 2022.
Latest Stories:
• Vanbarton signs $352M refi with Goldman for office in Grand Central (July 06, 2026)
• Raizel Feder pays $18.5M to BLDG Management for retail in Jamaica (May 21, 2026)
• Capstone, Republic Investment pay $39.8M to Vanbarton for Tribeca hotel (August 07, 2025)
• Vanbarton Group affiliate buys $168.4M note secured by Vanbarton’s 31 Penn Plaza (June 01, 2023)
• Investment sales by recorded date trending downward: Chart (March 27, 2023)
• Hyundai pays $273.5M to Vanbarton Group for office in Tribeca (February 16, 2023)
