Justin Kleinman

(Justin B. Kleinman)

Principal And Chief Operating Officer

Vanbarton Group

Owner

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Vanbarton Group|BLDG Management NYC portfolio

$1.9 billion* – office 54.0%, elevator 17.0%; Manhattan 92.0%, Bronx 7.0%

85th largest portfolio by dollar value

2,813,833 sqft – office 72%, elevator 14%;

111th largest by SF

20 properties – Manhattan 85%, Bronx 15%

439th largest

1,121 residential units – Manhattan 99%, Bronx 0%

203th largest by residential units

0 foreclosures, 0 bankruptcies, 14 other court cases.

Person Activity past 24 months:

Seller signatory: 1 for $38.7 million

Borrower signatory: 2 for $214.4 million

Top Ten Associated Companies:

Northwestern Mutual Life Insurance (2), Canadian Imperial Bank of Commerce (2), New York Life Insurance Company (1), Verv Capital (1), Bushburg Properties (1), Brookfield Properties (1), Global Asset Properties (1), Albert Rabizadeh (1), Reformed Protestant Dutch Church of The City of New York (1), Marble Collegiate Church (1)

Top Ten Associated People:

James Sharkey (2), Lisa Bai (1), Daniel C. Knuth (1), Edward Cohen (1), Abraham J. Hoffman (1), Albert Rabizadeh (1), Brian D. Bennett (1), Stan J. Sloan (1), Woojoo Kim (1), Thomas Ta (1)

Recent activity as company:

Vanbarton Group borrowed $214.4 million from New York Life Insurance Company and Northwestern Mutual Life Insurance for 425 Lexington Avenue, Grand Central, Manhattan on September 12, 2023.

Vanbarton Group borrowed $0 from Vanbarton Group for 128 West 31st Street, Penn Station, Manhattan on May 31, 2023.

Vanbarton Group sold 235 West 75th Street, Upper West Side, Manhattan for $38.7 million to RFR HoldingWaterfall Asset Management on March 23, 2023.

Vanbarton Group sold 15 Laight Street, Tribeca, Manhattan for $273.5 million to Hyundai Motor Group on February 15, 2023.

Vanbarton Group borrowed $82.5 million from Northwestern Mutual Life Insurance for 184 West 237th Street and 193 West 237th Street, Kingsbridge, Bronx on October 14, 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 13, 2022.

• Reformed Protestant Dutch Church of The City of New York and Marble Collegiate Church sold 3 West 29th Street, NoMad, Manhattan for $3 million to Vanbarton Group on October 04, 2022.

Vanbarton Group borrowed $211.2 million from Brookfield Asset Management for 160 Water Street, Financial District, Manhattan on September 08, 2022.

Vanbarton Group sold 1031-1049 Westchester Avenue and 1057 Southern Boulevard, Longwood, Bronx for $22.8 million to Global Asset Properties and Albert Rabizadeh on July 21, 2022.

Vanbarton Group sold 103-109 East Burnside Avenue, 2056 Morris Avenue, and 2062 Morris Avenue, Fordham Heights, Bronx for $9.8 million to Verv Capital on June 01, 2022.

Latest Stories:

• Billionaire Dart family affiliate revealed as owner of 31% stake in $425.5M NYC portfolio (March 13, 2024)

• 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)

• RFR, Waterfall acquire UWS retail condo from Vanbarton through $38.7M deed-in-lieu (March 24, 2023)

• Hyundai pays $273.5M to Vanbarton Group for office in Tribeca (February 16, 2023)

• Vanbarton Group signs $82.5M refi loan with Northwestern Mutual Life for two retail properties in Kingsbridge (October 17, 2022)

• Thomas Ta affiliate 99c LLC pays $252M to Vanbarton Group in FiDi (October 14, 2022)

• Vanbarton Group pays $3M to Marble Collegiate Church for dev parcel in NoMad (October 05, 2022)

• Vanbarton Group signs $211.2M construction loan with Brookfield for resi conversion in FiDi (September 09, 2022)

• Albert Rabizadeh of Global Asset pays $22.8M to Vanbarton for block-long retail in Longwood (July 22, 2022)

*The Portfolio Value is a PincusCo estimate based on a property’s recent sale or loan, or multiplying the city’s Market Value by two.

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