Metropolitan Commercial Bank
Named as the sponsor's construction lender in 4 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.
Metropolitan Commercial Bank's 4 buildings in these plans are spread across Manhattan (2), Queens (1), Bronx (1), 50% new construction, typically 5–10 units, offered at an average $1.5M per unit. One loan's size is known: $8.9M.
- Buildings
- 4
- Residential units
- 24
- Typical check
- $8.9M
- Years
- 2016–2023
Pro · Advanced analysis
Recent Growth
Metropolitan Commercial 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 4 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 0 | — |
| 2023 | 1 | 3 |
| 2022 | 2 | 16 |
| 2021 | 0 | — |
Latest: Star-Lic 2, accepted May 3, 2023.
Strongest Relationships
The firms named most often on the same buildings as Metropolitan Commercial Bank, at least 2 in common.
Sponsor's counsel
- Jeffrey Zwick & Associates, P.C.2 shared buildings · 50% of Metropolitan Commercial Bank's · 2022
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 |
|---|---|---|---|
| Star-Lic 25-20 51st Avenue · Queens · new constructionNamed as Metropolitan Commercial Bank and 51st Avenue Funding LLC · Sponsor: 5-20 51st Avenue LLC · Named on p. 14 ↗ | 2023 | 3 | — |
| 145 West 129th Street Condominium145 West 129th Street · Manhattan · rehabSponsor: Icer Of 145 West 129th Street LLC · Recorded in ACRIS ↗ | 2022 | 6 | — |
| 2591 Briggs Avenue Condominium2591 Briggs Avenue · Bronx · rehabSponsor: 2591 Briggs Avenue LLC · Recorded in ACRIS ↗ | 2022 | 10 | — |
| 318 West 47 Condominium318 West 47 Street · Manhattan · new constructionSponsor: 318 West 47th Street LLC · Named on p. 18 ↗ | 2016 | 5 | $8.9M* |
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.