Commerce Bank
Named as the sponsor's construction lender in 19 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.
Commerce Bank's 19 buildings in these plans are mostly in Brooklyn (11 of 19), then Manhattan, all new construction, typically 13–64 units, offered at an average $1.7M per unit. Check size: $12.6M typical (the median of 17 loans whose size the plan states or ACRIS records), from $4.2M to $34.5M.
- Buildings
- 19
- Residential units
- 755
- Typical check
- $12.6M
- Years
- 2003–2009
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Recent Growth
Commerce 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 17 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: 163 Washington Condominiums, accepted Jul 22, 2009. 2 plans without an acceptance date aren't counted.
Strongest Relationships
The firms named most often on the same buildings as Commerce Bank, at least 2 in common.
Sponsor's counsel
- Lester Bleckner & Shaw LLP2 shared buildings · 11% of Commerce Bank's · 2006
- Rosen Law LLC2 shared buildings · 11% of Commerce Bank's · 2005–2009
Tax consultants
- The Mazursky Group2 shared buildings · 11% of Commerce Bank's · 2005–2006
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 |
|---|---|---|---|
| 163 Washington Condominiums163 Washington Avenue · Brooklyn · new constructionRecorded as Commerce Bank, North · Sponsor: Dr 163 Washington Developers, LLC · Recorded in ACRIS ↗ | 2009 | 49 | $20.6M* |
| 522 Lefferts Avenue Condominium522 Lefferts Ave. A/K/A/ 567-71 New York Ave. · Brooklyn · new constructionSponsor: 571 E NY/Lefferts Realty, LLC · Recorded in ACRIS ↗ | 2009 | 46 | $11M* |
| 3210 Riverdale Avenue3210 Riverdale Avenue · Bronx · new constructionSponsor: 3210 Riverside Associates, LLC · Recorded in ACRIS ↗ | 2009 | 46 | $17.9M* |
| Marcy Gardens Condominium446 Marcy Avenue · Brooklyn · new constructionSponsor: Marcy Villas LLC · Recorded in ACRIS ↗ | 2008 | 23 | $12M* |
| Murano Place Condominium412 Kings Highway · Brooklyn · new constructionSponsor: 416 Kings Highway , LLC · Recorded in ACRIS ↗ | 2008 | 24 | $9.5M* |
| 500 4th Avenue Condo500 4th Avenue · Brooklyn · new constructionSponsor: Park Slope Group, LLC · Recorded in ACRIS ↗ | 2008 | 135 | $10.2M* |
| East Hill Condominiums212 East 95th Street · Manhattan · new constructionSponsor: 212-214 East 95th Street Associates, Inc. · Recorded in ACRIS ↗ | 2007 | 25 | $12.6M* |
| 116 Third Place Condominium116 Third Place · Brooklyn · new constructionSponsor: 116 Third Place Realty, LLC · Recorded in ACRIS ↗ | 2007 | 5 | $4.2M* |
| Crest Condominium302 Second Street · Brooklyn · new constructionSponsor: City View Gardens Phase Ii, LLC · Recorded in ACRIS ↗ | 2007 | 69 | $22.6M* |
| 360 Condominium360 West 11th Street · Manhattan · new constructionSponsor: 360 Development Corp. · Recorded in ACRIS ↗ | 2006 | 5 | $25.1M* |
| Sunrise Manor Condominium99-31 66th Avenue · Queens · new constructionSponsor: Sunrise Enterprises, Inc. · Recorded in ACRIS ↗ | 2006 | 22 | $10M* |
| Bridge Condominium2279 Third Avenue · Manhattan · new constructionNamed as Commerce Bank, N.A. · Sponsor: Lcp 2279 LLC · Named on p. 19 ↗ | 2006 | 13 | — |
| Bridge North Condominium2283 Third Avenue · Manhattan · new constructionSponsor: 2279-2283 Third Avenue Associates LLC · Recorded in ACRIS ↗ | 2006 | 18 | — |
| Breakers At Sheepshead Bay Condominium3112-3144 Emmons Avenue · Brooklyn · new constructionSponsor: 3112 Emmons Lofts LLC · Recorded in ACRIS ↗ | 2006 | 75 | $33.4M* |
| Altair 20 (15 West 20th Street Condominium)15 West 20th Street · Manhattan · new constructionSponsor: Crp/Extell 20th Street, LP · Recorded in ACRIS ↗ | 2005 | 17 | $13M* |
| 69-75 Carroll St Condo69-75 Carroll Street · Brooklyn · new constructionSponsor: 73-75 Carroll, LLC · Recorded in ACRIS ↗ | 2005 | 13 | $5M* |
| Bridgeview Condominium442 97th Street, 9718 Fort Hamilton Parkway · Brooklyn · new constructionSponsor: Marine Partners, LLC · Recorded in ACRIS ↗ | 2003 | 64 | $23.1M* |
| Arias Park Slope150 4th Avenue · Brooklyn · new constructionRecorded as TD Bank and Commerce Bank, North · Sponsor: Partners On Fourth LLC · Recorded in ACRIS ↗ | — | 95 | $34.5M* |
| Columbia Heights Condo703 West 171st Street · Manhattan · new constructionSponsor: 171st Fort Washington, LLC · Recorded in ACRIS ↗ | — | 11 | $5.5M* |
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.