Amalgamated Bank
Named as the sponsor's construction lender in 4 New York City condominium offering plans, in the plan's text, where the sponsor says it has obtained its construction loan or financing, or, where the plan doesn't name one, as the lender on the mortgage and building loan agreement recorded in ACRIS on the building's lot before the plan was accepted. Each building below links the plan page or the recorded document. Where an amendment names a new lender, that lender is counted.
Amalgamated Bank's 4 buildings in these plans are mostly in Brooklyn (3 of 4), then Manhattan, 50% conversion, typically 10–88 units, offered at an average $1.2M per unit. One loan's size is known: $15.7M.
- Buildings
- 4
- Residential units
- 124
- Typical check
- $15.7M
- Years
- 2007–2016
Pro · Advanced analysis
Recent Growth
Amalgamated Bank's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
No buildings accepted since 2021. 0% of all 3 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: Hutwelker Condominium, accepted Feb 23, 2016. 1 plan without an acceptance date isn't counted.
Strongest Relationships
The firms named most often on the same buildings as Amalgamated Bank, at least 2 in common.
Sponsor's counsel
- Daniel A. Schwartzman Attorney At Law2 shared buildings · 50% of Amalgamated Bank's · 2016
From the same offering plans as the table below. A firm's own affiliates aren't counted.
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| Condominium | Accepted | Units | Loan |
|---|---|---|---|
| Hutwelker Condominium249 19th Street Aka 653-655 Fifth Avenue · Brooklyn · conversionSponsor: 655 Fifth Dutch Equities LLC And 655 Fifth Maiden Equities LLC · Recorded in ACRIS ↗ | 2016 | 10 | — |
| 251 19th Street Condominium251 19th Street · Brooklyn · conversionSponsor: 655 Fifth Dutch Equities LLC & 655 Fifth Maiden Equities LLC · Recorded in ACRIS ↗ | 2016 | 8 | — |
| Alexander Condominium250 East 49th St · Manhattan · new constructionSponsor: 250 East Borrower, LLC · Recorded in ACRIS ↗ | 2007 | 88 | — |
| Riviera Suites At Sheepshead Bay I Condo (The2433 Knapp Street · Brooklyn · new constructionSponsor: Ssj Development Of Sheepshead Bay I, LLC · Recorded in ACRIS ↗ | — | 18 | $15.7M* |
Loan is the construction financing the plan states: its stated total, or the building, project and other loans it lists added up (hover for the parts); a loan only for buying the land isn't counted. Where the plan states no amount, a figure marked * is the mortgage and building loan agreement recorded in ACRIS for the same lender on the building's lot, linked to the document. — means neither has one. The typical check is the median of these loans. A bank that changed its name is counted under its current name. Different spellings of one lender's name are counted together.