Stearns Bank
Named as the sponsor's construction lender in 2 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.
Stearns Bank's 2 buildings in these plans are spread across Queens (1), Brooklyn (1), all new construction, 67 units at the middle, offered at an average $1.4M per unit. One loan's size is known: $6.7M.
- Buildings
- 2
- Residential units
- 134
- Typical check
- $6.7M
- Year
- 2024
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Recent Growth
Stearns Bank's buildings and units by year for the last 6 years, and whether the pace is rising or falling.
1 building accepted in 2024–2026 (2026 to date), against 0 in 2021–2023. 100% of all 1 dated buildings are from the last 3 years.
| Year accepted | Buildings | Units |
|---|---|---|
| 2026 to date | 0 | — |
| 2025 | 0 | — |
| 2024 | 1 | 131 |
| 2023 | 0 | — |
| 2022 | 0 | — |
| 2021 | 0 | — |
Latest: 58-01 Queens Boulevard Condominium, accepted Apr 25, 2024. 1 plan without an acceptance date isn't counted.
Strongest Relationships
No other firm is named with Stearns Bank on more than one building yet.
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 |
|---|---|---|---|
| 58-01 Queens Boulevard Condominium58-01 Queens Boulevard · Queens · new constructionNamed as Sterns Bank National Association · Sponsor: 5801 Management LLC · Named on p. 121 ↗ | 2024 | 131 | — |
| 151 Tompkins Avenue Condominium151 Tompkins Avenue · Brooklyn · new constructionSponsor: M Tompkins LLC · Recorded in ACRIS ↗ | — | 3 | $6.7M* |
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.