X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Perhaps looking to cash in on staggering City real estate prices, MetLife Inc. may be putting its Peter Cooper Village and Stuyvesant Town properties on the market, according to reports. The properties are widely believed to compose the largest apartment complex in New York.

The complex is situated on the East Side of Manhattan and runs from the East River to First Ave. and 14 to 23rd Streets. The total area covered by the complex is more than 80 acres and contains more than 11,200 rental unites.

MetLife did not return phone calls from GlobeSt.com, but published reports said that the company would not discuss specifics of a possible sale, but it is believed that any buyer may be looking to convert the complex into condominiums. The properties are owned by the company’s Metropolitan Life Insurance Co. affiliate.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.