New York, NY (April 13, 2026) – National Cooperative Bank (NCB), a top lender for cooperative housing and condominiums in the Tri-State area, provided $124 million to 47 New York cooperatives and condominiums in Q1 2026.
In February, Ed Howe, Managing Director, secured a $1.6 million first mortgage and a $500,000 line of credit for 19 South Broadway Owners Corp., a 38-unit cooperative located at 19 South Broadway in Tarrytown, NY. The six-story building was built in 1924 and became a cooperative in 1988. Recent upgrades include sewer line replacement, boiler tube replacement, and a new intercom system. Part of the funding will go toward a façade project.
In March, Harley Seligman, Senior Vice President, originated a $4 million first mortgage and a $500,000 line of credit for 3165 Owners Corp., a 109-unit cooperative located at 3165 Nostrand Avenue in Brooklyn, NY. The six-story building, constructed circa 1953 and incorporated in 1988, recently underwent a comprehensive roof insulation upgrade. Additionally, a façade renovation project is nearing completion.
Also in March, Mindy Goldstein, Senior Vice President, arranged a $5.5 million first mortgage and a $500,000 line of credit for Grover Cleveland Tenants Corp., a 204-unit cooperative located at 67-38 108th Street in Forest Hills, NY. The six-story building, originally built around 1949 and incorporated in 1985, has recently undergone significant capital improvements to its façade and carpeting.
