The Bank of Princeton
Named as the sponsor's construction lender in 16 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.
The Bank of Princeton's 16 buildings in these plans are mostly in Brooklyn (14 of 16), then Staten Island, 81% new construction, typically 10–33 units, offered at an average $1M per unit. Check size: $11.1M typical (the median of 12 loans whose size the plan states or ACRIS records), from $3.3M to $20.9M.
- Buildings
- 16
- Residential units
- 283
- Typical check
- $11.1M
- Years
- 2017–2025
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Recent Growth
The Bank of Princeton'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 7 in 2021–2023: down 71%. 14% of all 14 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 1 | 21 |
| 2024 | 1 | 10 |
| 2023 | 2 | 18 |
| 2022 | 4 | 113 |
| 2021 | 1 | 36 |
Latest: 3865 Amboy Road Condominium, accepted Apr 25, 2025. 2 plans without an acceptance date aren't counted.
Strongest Relationships
The firms named most often on the same buildings as The Bank of Princeton, at least 2 in common.
Architects
- ZPROEKT Architecture, Planning & Consulting2 shared buildings · 13% of The Bank of Princeton's · 2017–2022
Sponsor's counsel
- The Law Office Of Jay Lichtman, P.C.4 shared buildings · 25% of The Bank of Princeton's · 2020–2023
- Tsyngauz & Associates, P.C.3 shared buildings · 19% of The Bank of Princeton's · 2017–2025
- Marans Newman Tsolis & Nazinitsky LLC2 shared buildings · 13% of The Bank of Princeton's · 2019–2020
Tax consultants
- Metropolitan Realty Exemptions3 shared buildings · 19% of The Bank of Princeton's · 2022–2023
- RE Tax Service3 shared buildings · 19% of The Bank of Princeton's · 2020–2024
- MGNY Consulting2 shared buildings · 13% of The Bank of Princeton's · 2017–2025
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 |
|---|---|---|---|
| 3865 Amboy Road Condominium3865 Amboy Road · Staten Island · new constructionSponsor: Amboy Road Development LLC · Named on p. 8 ↗ | 2025 | 21 | $6M |
| Bedford Condos844 Bedford Avenue · Brooklyn · new constructionSponsor: 844-846 Bedford LLC · Recorded in ACRIS ↗ | 2024 | 10 | $11.6M* |
| 1532 45th Street Condominium1532 45th Street · Brooklyn · new constructionRecorded as The Bank of Princton · Sponsor: 1532 45th Street LLC · Recorded in ACRIS ↗ | 2023 | 4 | $3.3M* |
| 590 Myrtle Avenue Condominium590 Myrtle Avenue · Brooklyn · new constructionSponsor: 590 Myrtle LLC · Named on p. 5 ↗ | 2023 | 14 | $14M* |
| 1105 Cortelyou Road Condominium1105 Cortelyou Road · Brooklyn · new constructionSponsor: 1105 Cortelyou Realty LLC · Named on p. 4 ↗ | 2022 | 10 | — |
| 1462 Flatbush Avenue Condominium1462 Flatbush Avenue · Brooklyn · new constructionSponsor: 1458 - 1466 Flatbush Jv LLC · Named on p. 6 ↗ | 2022 | 45 | $12.9M* |
| 30-38 29th Street Condominium30-38 29th Street · Queens · new constructionSponsor: 30-38 29th Street LLC · Named on p. 30 ↗ | 2022 | 20 | $8.9M* |
| H7 Condominium623 Avenue H · Brooklyn · new constructionSponsor: 623 Ave H LLC · Named on p. 8 ↗ | 2022 | 38 | $10.6M |
| Culver Developments 1a & 1b Condominium1204-1232 And 1264-1276 37th Street · Brooklyn · new constructionSponsor: Culver Housing Developments LLC · Named on p. 16 ↗ | 2021 | 36 | — |
| 305 23rd Street Condominium305 23rd Street · Brooklyn · new constructionSponsor: 303 23rd Street Development, LLC · Named on p. 6 ↗ | 2020 | 11 | $15.5M* |
| 814 Bedford Avenue Condominium814 Bedford Avenue · Brooklyn · new constructionNamed as Bank of Princeton · Sponsor: 814 Park LLC · Named on p. 25 ↗ | 2020 | 17 | $20.9M* |
| 738 Grand Street Condominium738 Grand Street · Brooklyn · new constructionSponsor: Heh-Ml7 Grand, LLC · Recorded in ACRIS ↗ | 2019 | 10 | $9.2M* |
| 207a Prospect Avenue Condominium207a Prospect Avenue · Brooklyn · rehabSponsor: 207 Prospect Avenue LLC · Recorded in ACRIS ↗ | 2018 | 6 | $3.3M* |
| Element 88 Condominium88 Withers Street · Brooklyn · new constructionSponsor: 88 Corner Development LLC · Named on p. 7 ↗ | 2017 | 33 | $19M |
| 1180 47th Street Condominium1180 47th Street · Brooklyn · conversionSponsor: 1180 47th Street LLC · Recorded in ACRIS ↗ | — | 4 | — |
| 1178 47th Street Condominium1178 47th Street · Brooklyn · conversionSponsor: 1178 47th Street LLC · Recorded in ACRIS ↗ | — | 4 | — |
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.