First Central Savings Bank
Named as the sponsor's construction lender in 5 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.
First Central Savings Bank's 5 buildings in these plans are mostly in Brooklyn (3 of 5), then Queens, all new construction, typically 4–19 units, offered at an average $1.8M per unit. Check size: $4.2M typical (the median of 5 loans whose size the plan states or ACRIS records), from $1.7M to $11.5M.
- Buildings
- 5
- Residential units
- 54
- Typical check
- $4.2M
- Years
- 2018–2023
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Recent Growth
First Central Savings Bank's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
0 buildings accepted in 2024–2026 (2026 to date), against 3 in 2021–2023. 0% of all 5 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 2 | 11 |
| 2022 | 1 | 4 |
| 2021 | 0 | — |
Latest: 1251 43rd Street Condominium, accepted Oct 30, 2023.
Strongest Relationships
The firms named most often on the same buildings as First Central Savings Bank, at least 2 in common.
Sponsor's counsel
- Law Offices Of Hershy Itzkowitz, P.C.2 shared buildings · 40% of First Central Savings Bank's · 2023
Tax consultants
- RE Tax Service2 shared buildings · 40% of First Central Savings Bank's · 2023
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 |
|---|---|---|---|
| 1251 43rd Street Condominium1251 43rd Street · Brooklyn · new constructionSponsor: 1251, LLC · Named on p. 18 ↗ | 2023 | 4 | $1.7M |
| 1904 Harman Street Condominium1904 Harman Street · Queens · new constructionSponsor: Harman Place LLC · Named on p. 19 ↗ | 2023 | 7 | $1.7M |
| Acacia 118 Condominium118 East 1st Street · Manhattan · new constructionSponsor: Acacia 118, LLC · Named on p. 5 ↗ | 2022 | 4 | $11.5M* |
| 888 Coney Island Condominium2848 West 15th Street · Brooklyn · new constructionSponsor: 2850 West 15th Street Development LLC · Named on p. 6 ↗ | 2019 | 20 | $4.2M* |
| Sullivan195 Sullivan Place · Brooklyn · new constructionSponsor: Sullivan Heights LLC · Recorded in ACRIS ↗ | 2018 | 19 | $9.9M* |
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.