Five Towns Investors
Named as the sponsor's construction lender in 2 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.
Five Towns Investors's 2 buildings in these plans are all in Brooklyn, all new construction, 6 units at the middle, offered at an average $1.4M per unit. Check size: $3.1M typical (the median of 2 loans whose size the plan states or ACRIS records), from $2.7M to $3.5M.
- Buildings
- 2
- Residential units
- 12
- Typical check
- $3.1M
- Year
- 2024
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Recent Growth
Five Towns Investors's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
2 buildings accepted in 2024–2026 (2026 to date), against 0 in 2021–2023. 100% of all 2 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 2 | 12 |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: 323 South 5th Street Condominium, accepted Sep 5, 2024.
Strongest Relationships
The firms named most often on the same buildings as Five Towns Investors, at least 2 in common.
Sponsor's counsel
- Eial Girtz, PC2 shared buildings · 100% of Five Towns Investors's · 2024
Sales teams
- Brown Harris Stevens2 shared buildings · 100% of Five Towns Investors's · 2024
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 |
|---|---|---|---|
| 323 South 5th Street Condominium323 South 5th Street · Brooklyn · new constructionNamed as OPM Lending LLC D/B/A Five Towns Investors · Sponsor: 323 S5 LLC · Named on p. 17 ↗ | 2024 | 4 | $3.5M |
| 1020 Hancock Street Condominium1020 Hancock Street · Brooklyn · new constructionSponsor: 1020 Hancock St LLC · Named on p. 16 ↗ | 2024 | 8 | $2.7M |
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.