Printer Friendly

National Cooperative Bank.

National Cooperative Bank (NCB), experienced a surge of activity in June, arranging more than $33.8 million in financing for 21 New York area co-ops and condos. The financings included $26.35 million in first mortgages, $6.28 million in second mortgages, and $1.2 million in assignment of assessments.

NCB senior vice president Sheldon Gartenstein arranged the largest transaction on behalf of the NCB in June, a $14,449,500 first mortgage for the 483-unit co-op located at 93-32./ 52 / 72 66th Road, in Rego Park, N.Y. He also secured a $1.65 million first mortgage for 332 E. 84th St. Owners Corp., a 48-unit coop in Manhattan; a $1.2 million first mortgage accompanied by a $200,000 second mortgage for the 36-unit co-op located at 205 W. 103rd St. in Manhattan; a $500,000 second mortgage for the 120-unit coop located-at 3135 Johnson Ave. in Riverdale, N.Y.; $500,000 second mortgage for the 41-unit co-op located at 181 E. 93rd St. in Manhattan; and a $500,000 second mortgage for the 39-unit co-op located at .316 W. 84th St. in Manhattan.

NCB senior vice president Paulette Bonanno arranged a $3- million first mortgage accompanied by a $500,000 second mortgage for the 107-unit co-op located at 808-840 Bronx River Road in Yonkers, N.Y.; a $2.4 million first mortgage for the 80-unit co-op located at 210 E. 73rd St. in Manhattan; a $1.5 million second mortgage for the 28-unit co-op at 108-114 Wooster St. in Manhattan; and a $400,000 first mortgage for the 60-unit condo located at 186 E. 2nd St. in Manhattan.

Howe secured a $2.25 million first mortgage and a $1.0 million second mortgage for the- Kenilworth Apartments, a 36-unit co-op located at 151 Central Park West in Manhattan; a $900,000 second mortgage for the 39-unit co-op located at 7 E. 85th-St. in Manhattan; and a $300,000 second mortgage for-the 103-unit co-op located at 3400 Wayne Ave. in the Bronx.

NCB vice president Mindy Goldstein arranged a $290,000 first mortgage for a six-unit coop located at 469 W. 22nd St. in Manhattan; a $250,000 first mortgage for Jacob Cram Cooperative, a seven-unit co-op located at 307-309 W. Broadway in Manhattan; another $250,000 first mortgage for a seven-unit co-op located on 36 W. 8th St. in Manhattan; a $220,000 first mortgage for Harrison Studios Corporation, a six-unit co-op located on 14 Harrison St. in Manhattan; a $200,000 second mortgage for a eight-unit co-op located at 268 Berkeley Place in Brooklyn; a $80,000 second mortgage for 55 Hicks St. in Brooklyn, a 30-unit co-op; a $1.2 million assignment of assessments for the Carnegie Plaza Condominium, a 67-unit condo located at 162 W. 56th St.; and $100,000 second mortgage for a six-unit co-op located at 157 W. 78th St. in Manhattan.
COPYRIGHT 2000 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2000, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 26, 2000
Words:480
Previous Article:Houlihan Parnes Realtors.
Next Article:Greenwich Group International.
Topics:


Related Articles
Republic National Bank of New York.
National Cooperative Bank.
NCB launching new home loan program.
NCB expands loan program to NYS.
National Cooperative Bank.
National Cooperative Bank (NCB).
National Cooperative Bank (NCB).
National Cooperative Bank.
National Cooperative Bank.
NCB sees 1Q surge in activity.

Terms of use | Copyright © 2014 Farlex, Inc. | Feedback | For webmasters