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New York Community Bank

615 Merrick Avenue
Westbury, NY 11590
Website

New York Community Bank is a major lender for multi-family projects and acquisitions in New York City, and underwrites many mortgages for those same properties. Most of these properties, too, are rent-regulated in some way, meaning that New York Community Bank works the lower- and moderate-income ends of the citys rental market, not the luxury one.

The bank is itself a subsidiary of New York Community Bancorp, the Queens outfit founded in 1859. Its brands include Queens County Savings Bank, Roosevelt Savings Bank and Richmond County Savings Bank. There are some 242 New York Community Bank branches in five states.

New York Community Bank became involved in multi-family financing in the city about 40 years ago. It produced $32 billion in loans from 1993 to 2011 alone. Its work in the field has not been without controversy, given the debt foreclosures it has executed at times.

Joseph Ficalora is the banks CEO and president. It is headquartered in Westbury, Long Island. -TA

New York Community Bank, Senior Executive Vice President and CLO
615 Merrick Avenue, 615 Merrick Avenue, NY
James Carpenter oversees the financing operations for New York Community Bank, major lender...
  • Event Financing
  • Address 76-09 34th Avenue
  • Neighborhood Jackson Heights
  • Borough Queens
  • Square feet 100,890
  • Price $ 12,000,000
  • Publication Date 01/17/2020
  • Event Date 01/15/2020
  • Party 1 Pinnacle Group
  • Party 2 New York Community Bank
notes
The lender issued a loan of $12 million for the Jackson Heights property.
  • Event Financing
  • Address 2041 Adam Clayton Powell Junior Boulevard
  • Neighborhood Central Harlem
  • Borough Manhattan
  • Price $ 90,000,000
  • Publication Date 01/10/2020
  • Event Date 01/03/2020
  • Party 1 Yechiel Newhouse
  • Party 2 New York Community Bank
notes
The lender issued an acquisition loan of $90 million for the Central Harlem portfolio.
  • Event Financing
  • Address 14-07 31st Avenue
  • Neighborhood Astoria
  • Borough Queens
  • Price $ 12,000,000
  • Publication Date 12/27/2019
  • Event Date 12/17/2019
  • Party 1 Shahram John Gatan
  • Party 2 New York Community Bank
notes
The owner secured a loan of $12 million for the Astoria portfolio.
  • Event Financing
  • Address 324 Montgomery Street
  • Neighborhood Crown Heights
  • Borough Brooklyn
  • Square feet 36,266
  • Price $ 6,000,000
  • Publication Date 12/13/2019
  • Event Date 12/13/2019
  • Party 1 Dovie Sperlin
  • Party 2 New York Community Bank
notes
The lender issued a loan of $6 million for the Crown Heights property.
  • Event Financing
  • Address 3030 Heath Avenue
  • Neighborhood Kingsbridge
  • Borough Bronx
  • Price $ 36,000,000
  • Publication Date 12/13/2019
  • Event Date 12/12/2019
  • Party 1 Sharp Management
  • Party 2 New York Community Bank
notes
The owner secured a loan of $36 million for the Kingsbridge portfolio.
  • Event Financing
  • Address 78 Prospect Park West
  • Neighborhood Park Slope
  • Borough Brooklyn
  • Price $ 18,000,000
  • Publication Date 12/06/2019
  • Event Date 12/04/2019
  • Party 1 Madison Realty Capital
  • Party 2 New York Community Bank
notes
The owner secured a loan of $18 million for the Park Slope property.
  • Event Financing
  • Address 107-10 Shore Front Parkway
  • Neighborhood Far Rockaway
  • Borough Queens
  • Price $ 107,000,000
  • Publication Date 11/29/2019
  • Event Date 11/29/2019
  • Party 1 Alma Realty
  • Party 2 New York Community Bank
notes
The owner secured a loan of $107 million for the Far Rockaway portfolio.
  • Event Financing
  • Address 291 Broadway
  • Neighborhood Tribeca
  • Borough Manhattan
  • Square feet 133,000
  • Price $ 46,000,000
  • Publication Date 10/25/2019
  • Event Date 10/21/2019
  • Party 1 Glenmark Realty
  • Party 2 New York Community Bank
notes
The lender issued a loan of $46 million for the Tribeca property.
  • Event Financing
  • Address 509 West 155th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 58,674
  • Price $ 8,000,000
  • Publication Date 10/11/2019
  • Event Date 10/10/2019
  • Party 1 Pinnacle Group
  • Party 2 New York Community Bank
notes
The owner secured a loan of $8 million for the Washington Heights property.
  • Event Financing
  • Address 600 East 178th Street
  • Neighborhood Tremont
  • Borough Bronx
  • Square feet 47,191
  • Price $ 7,000,000
  • Publication Date 10/11/2019
  • Event Date 10/10/2019
  • Party 1 Prana Investments
  • Party 2 New York Community Bank
notes
The owner secured a loan of $7 million for the Tremont property.
  • Event Financing
  • Address 509 West 155th Street
  • Neighborhood Washington Heights
  • Borough Manhattan
  • Square feet 58,674
  • Price $ 8,000,000
  • Publication Date 10/11/2019
  • Event Date 10/10/2019
  • Party 1 Pinnacle Group
  • Party 2 New York Community Bank
notes
The owner secured a loan of $8 million for the Washington Heights property.
  • Event Financing
  • Address 600 East 178th Street
  • Neighborhood Tremont
  • Borough Bronx
  • Square feet 47,191
  • Price $ 7,000,000
  • Publication Date 10/11/2019
  • Event Date 10/10/2019
  • Party 1 Prana Investments
  • Party 2 New York Community Bank
notes
The owner secured a loan of $7 million for the Tremont property.
  • Event Financing
  • Address 44 West 28th Street
  • Neighborhood Nomad
  • Borough Manhattan
  • Price $ 78,000,000
  • Publication Date 09/06/2019
  • Event Date 09/06/2019
  • Party 1 Stellar Management
  • Party 2 New York Community Bank
notes
The lender issued a loan of $78 million for the Nomad property.
  • Event Financing
  • Address 800 Avenue H
  • Neighborhood Ocean Parkway
  • Borough Brooklyn
  • Price $ 7,200,000
  • Amount Price 7200000
  • Publication Date 08/02/2019
  • Event Date 07/31/2019
  • Party 1 Albert Srour
  • Party 2 New York Community Bank
notes
The lender issued an acquisition loan of $7.2 million for the Ocean Parkway property.
  • Event Financing
  • Address 84-47 Lefferts Boulevard
  • Neighborhood Kew Gardens
  • Borough Queens
  • Price $ 5,700,000
  • Amount Price 5700000
  • Publication Date 08/02/2019
  • Event Date 07/31/2019
  • Party 1 MDM Development
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Aaron Lerman, Sam Shifer
  • Party 2 New York Community Bank
notes
The buyer secured an acquisition loan of $5.7 million for the Kew Gardens portfolio.
  • Event Financing
  • Address 389 South 2nd Street
  • Neighborhood Williamsburg
  • Borough Brooklyn
  • Square feet 14,000
  • Price $ 48,000,000
  • Publication Date 07/26/2019
  • Event Date 07/24/2019
  • Party 1 Kraus Organization
  • Party 2 New York Community Bank
notes
The owner secured a loan of $48 million for the Williamsburg property.
  • Event Financing
  • Address 399 Coney Island Avenue
  • Neighborhood Flatbush
  • Borough Brooklyn
  • Price $ 5,170,000
  • Publication Date 07/05/2019
  • Event Date 07/05/2019
  • Party 1 Coney Cat
  • Party 2 New York Community Bank
notes
The buyer secured an acquisition loan of $5.17 million for the Flatbush portfolio.
  • Event Financing
  • Address 103 West 14th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Price $ 63,000,000
  • Publication Date 07/05/2019
  • Event Date 07/02/2019
  • Party 1 Stonehenge Partners
  • Party 1 Brokerage Meridian Capital Group
  • Party 1 Broker Abe Hirsch, Ralph Herzka
  • Party 2 New York Community Bank
notes
The owner secured a loan of $63 million for the Chelsea portfolio.
  • Event Financing
  • Address 1133 Ogden Avenue
  • Neighborhood Highbridge
  • Borough Bronx
  • Price $ 57,000,000
  • Publication Date 07/05/2019
  • Event Date 06/26/2019
  • Party 1 Camber Property Group, Belveron Partners
  • Party 2 New York Community Bank
notes
The buyer secured an acquisition loan of $57 million for the Highbridge property.
  • Event Financing
  • Address 110 Fifth Avenue
  • Neighborhood Flatiron
  • Borough Manhattan
  • Square feet 176,000
  • Price $ 109,000,000
  • Publication Date 05/02/2019
  • Event Date 04/29/2019
  • Party 1 Samson Management, Rabina Properties
  • Party 2 New York Community Bank
notes
The owner secured a loan of $109 million for the Flatiron property.
  • Event Financing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Price $ 75,000,000
notes
The lender issued a loan of $75 million for the Financial District property.
  • Event Financing
  • Address 601 West 26th Street
  • Neighborhood Chelsea
  • Borough Manhattan
  • Square feet 1,835,150
  • Price $ 900,000,000
notes
The owner secured a loan of $900 million for the Chelsea property.
  • Event Financing
  • Address 22 Cortlandt Street
  • Neighborhood Financial District
  • Borough Manhattan
  • Square feet 647,875
  • Price $ 75,000,000
notes
The owner secured a $75 million loan for the Financial District property.
  • Event Financing
  • Address 2151 Davidson Avenue
  • Neighborhood University Heights
  • Borough Bronx
  • Square feet 34,950
  • Price $ 4,770,000
notes
The owner secured a loan for $4.77 million for the University Heights building.
  • Event Financing
  • Address 1965 Lafayette Avenue
  • Neighborhood Soundview
  • Borough Bronx
  • Square feet 400,932
  • Price $ 17,250,000
notes
The owner secured a $17.25 million mortgage for the Soundview building.
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03/19/2018
The largest deal of the month was $246 million loan from New York Community Bank to Clipper Realty, followed by a $230 million loan from the Port Authority to MCR Development...

01/01/2018
“For us, it’s a complicated market to maneuver ,” said James Carpenter, who heads New York Community Bank’s commercial real estate lending business...

10/31/2017
Clockwise from top left: Rending for the Long Island College Hospital redevelopment in Cobble Hill, 97 Columbia Heights and 55 Washington Street in Dumbo UPDATED, Clockwise from top left: Rending for the Long Island College Hospital redevelopment in Cobble Hill, 97 Columbia Heights and 55 Washington Street in Dumbo UPDATED,...

02/01/2014
According to The Real Deal’s first-ever ranking of commercial mortgages, topping the list were Deutsche Bank, with its headquarters in Frankfurt, Germany, and New York Community Bank, based in Westbury, L.I., which each originated about $5 billion in commercial loans in New York City last year...
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