Bank of Smithtown
Named as the sponsor's construction lender in 13 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.
Bank of Smithtown's 13 buildings in these plans are mostly in Brooklyn (8 of 13), then Manhattan, 62% new construction, typically 6–20 units, offered at an average $1.5M per unit. Check size: $5M typical (the median of 11 loans whose size the plan states or ACRIS records), from $2.5M to $10.4M.
- Buildings
- 13
- Residential units
- 212
- Typical check
- $5M
- Years
- 2006–2017
Pro · Advanced analysis
Recent Growth
Bank of Smithtown'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 12 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: 336 E. 54th Street Condominium, accepted Mar 8, 2017. 1 plan without an acceptance date isn't counted.
Strongest Relationships
The firms named most often on the same buildings as Bank of Smithtown, at least 2 in common.
Developers
- Michael Paul Enterprises2 shared buildings · 15% of Bank of Smithtown's · 2016–2017
Architects
- C3D Architecture2 shared buildings · 15% of Bank of Smithtown's · 2016–2017
Sponsor's counsel
- Allen, Morris, Troisi & Simon LLP2 shared buildings · 15% of Bank of Smithtown's · 2009–2010
- Marans Newman Tsolis & Nazinitsky LLC2 shared buildings · 15% of Bank of Smithtown's · 2007
Sales teams
- Nest Seekers International2 shared buildings · 15% of Bank of Smithtown's · 2016–2017
Property managers
- Aspen Management Group, LLC2 shared buildings · 15% of Bank of Smithtown's · 2016–2017
Tax consultants
- Paul J. Korngold of Tuchman, Korngold, Weiss, Liebman & Gelles2 shared buildings · 15% of Bank of Smithtown's · 2016–2017
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 |
|---|---|---|---|
| 336 E. 54th Street Condominium336 East 54th Street · Manhattan · rehabSponsor: 336 East 54th Street Associates LLC · Named on p. 67 ↗ | 2017 | 10 | — |
| 227 E. 67th Street Condominium227 East 67th Street · Manhattan · rehabSponsor: 227 E 67th Street Associates, LLC · Named on p. 68 ↗ | 2016 | 5 | — |
| Townhouse Condominium234 East 84th Street · Manhattan · new constructionSponsor: 234 East 84th Street LLC · Recorded in ACRIS ↗ | 2011 | 3 | $8.9M* |
| 153 Garfield Place Condominium153 Garfield Place · Brooklyn · conversionSponsor: Jacob Owen Levine 2007 Trust · Recorded in ACRIS ↗ | 2010 | 8 | $2.5M* |
| Commodore Condominium640 Ditmas Avenue · Brooklyn · conversionSponsor: 640 Ditmas, LLC ** · Recorded in ACRIS ↗ | 2009 | 37 | $5M* |
| Sugar Hill Condominium415 West 150th Street · Manhattan · new constructionSponsor: 415 West 150, LLC · Recorded in ACRIS ↗ | 2009 | 6 | $10.4M* |
| 707 Carroll Street Condominium707 Carroll Street · Brooklyn · conversionSponsor: Jordana Beth Levine, Jonathan Ross Erlich, Et Al. · Recorded in ACRIS ↗ | 2009 | 8 | $3.2M* |
| Colony @ Keap Condo471 Keap Street · Brooklyn · new constructionSponsor: 471 Keap Street, LLC · Recorded in ACRIS ↗ | 2008 | 13 | $4M* |
| 192 Spencer Street Condominium192 Spencer Street · Brooklyn · new constructionSponsor: Spencer Street Realty, LLC · Recorded in ACRIS ↗ | 2007 | 47 | $10.2M* |
| 170 North Fifth Condo170-174 North Fifth Street · Brooklyn · new constructionRecorded as Bank of Smithtown, · Sponsor: 170 North 5th Street Associates, LLC · Recorded in ACRIS ↗ | 2007 | 18 | $7.5M* |
| 45 Third Place Condominium45 Third Place · Brooklyn · new constructionSponsor: Asrn LLC · Recorded in ACRIS ↗ | 2006 | 2 | $3M* |
| 245 W. 115th Street Condominium245 West 115th Street · Manhattan · new constructionSponsor: 245 West 115th Street Partners, LLC · Recorded in ACRIS ↗ | 2006 | 20 | $4M* |
| 175 Spencer Street Condominium175 Spencer Street · Brooklyn · new constructionSponsor: Spencer Realty Developers, LLC · Recorded in ACRIS ↗ | — | 35 | $9.7M* |
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.