--- title: National Cooperative Bank Originated Over $68 Million for New York Area Cooperatives and Condominiums in the First Quarter of 2024 description: National Cooperative Bank originated over $68 million to 31 New York area housing cooperatives and condominiums during the first quarter of 2024. image: https://www.ncb.coop/hubfs/Lincoln%20Shore%20Owners-1.svg --- ## Newsletter Close Close ## You are about to leave the website of National Cooperative Bank and view the content of an external website. We provide links to external websites for convenience. National Cooperative Bank does not endorse and is not responsible for their content, links, privacy or securities policies. Click OK to proceed, click Cancel to stay on this page OK Cancel Close Close ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-originated-over-68-million-for-new-york-area-cooperatives-and-condominiums-in-the-first-quarter-of-2024#) ## Press Releases - [National Cooperative Bank (56)](https://www.ncb.coop/press-releases/tag/national-cooperative-bank) - [NCB (18)](https://www.ncb.coop/press-releases/tag/ncb) - [Coop Housing (10)](https://www.ncb.coop/press-releases/tag/coop-housing) - [financial literacy (4)](https://www.ncb.coop/press-releases/tag/financial-literacy) - [ACE Hardware (3)](https://www.ncb.coop/press-releases/tag/ace-hardware) - [Co-op Education (2)](https://www.ncb.coop/press-releases/tag/co-op-education) - [Store Opening (2)](https://www.ncb.coop/press-releases/tag/store-opening) - [consumer education (2)](https://www.ncb.coop/press-releases/tag/consumer-education) - [#BankingOnValues (1)](https://www.ncb.coop/press-releases/tag/bankingonvalues) - [#TogetherForThePlanet (1)](https://www.ncb.coop/press-releases/tag/togetherfortheplanet) - [Co-op 100 (1)](https://www.ncb.coop/press-releases/tag/co-op-100) - [ESOP (1)](https://www.ncb.coop/press-releases/tag/esop) - [Employee Owned (1)](https://www.ncb.coop/press-releases/tag/employee-owned) - [Everfi (1)](https://www.ncb.coop/press-releases/tag/everfi) - [Homeownership (1)](https://www.ncb.coop/press-releases/tag/homeownership) - [Personal Banking (1)](https://www.ncb.coop/press-releases/tag/personal-banking) - [Solar Financing (1)](https://www.ncb.coop/press-releases/tag/solar-financing) [More](https://www.ncb.coop/press-releases/national-cooperative-bank-originated-over-68-million-for-new-york-area-cooperatives-and-condominiums-in-the-first-quarter-of-2024#) Topics Subscribe # National Cooperative Bank Originated Over $68 Million for New York Area Cooperatives and Condominiums in the First Quarter of 2024 April 8, 2024 ![National Cooperative Bank Originated Over $68 Million for New York Area Cooperatives and Condominiums in the First Quarter of 2024](https://www.ncb.coop/hubfs/Lincoln%20Shore%20Owners-1.svg) New York, NY (April 8, 2024) – National Cooperative Bank (NCB), a leading lender to cooperative housing and condominiums throughout the Tri-State area, originated over $68 million to 31 New York area housing cooperatives and condominiums during the first quarter of 2024. Edward Howe III, Managing Director of NCB’s New York office, made the announcement. In February, Harley Seligman, Senior Vice President, financed a $1.2 million first mortgage and a $250,000 line of credit for 40-12/16 73rd Street Owners Corp., a 42-unit co-op located at 40-12-16 73rd Street in Woodside, NY. This four-story. walk-up cooperative building was built in 1926 and incorporated in 1987. Recent capital improvements included domestic water boilers and two hot water storage tanks and the conversion of the central heating system to a dual-fired system. In March, Mindy Goldstein, Senior Vice President, financed a $5 million first mortgage for Lincoln Shore Owners Inc., a 174-unit co-op located at 2727 Ocean Parkway in Brooklyn, NY. This six-story cooperative building was constructed in 1956 and incorporated in 1986. Anticipated capital improvements for the co-op include façade, interior and garage repairs.   Also in March, Edward Howe financed a $2.4 million first mortgage and a $500,000 line of credit for 929 Park Avenue Apartments Corp., a 38-unit co-op located at 929 Park Avenue in Manhattan. Located on the east side of Park Avenue, this 13-story co-op was constructed in 1913 and incorporated in 1959. With a recent lobby renovation, the co-op anticipates Local Law 11 repairs in the future. As a full-service financial institution, NCB offers banking products and services for housing cooperatives, condominiums, HOAs, and their respective management companies. Additional products include treasury management, competitive deposit rates and payment processing, and lockbox solutions. - [Coop Housing](https://www.ncb.coop/press-releases/tag/coop-housing) Related Posts ![National Cooperative Bank Provides Over $200 Million to Electchester Housing Companies](https://www.ncb.coop/hubfs/Third%20%26%20Fourth%20Housing.svg) 08 Oct 2024 National Cooperative Bank Provides Over $200 Million to Electchester Housing Companies [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-provides-over-200-million-to-electchester-housing-companies) ![National Cooperative Bank Originated Over $68 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2024](https://www.ncb.coop/hubfs/Screenshot%20-%20Forest%20Green%20Apt%20Corp%20(1).svg) 10 Jul 2024 National Cooperative Bank Originated Over $68 Million for New York Area Cooperatives and Condominiums in the Second Quarter of 2024 [Read Post ](https://www.ncb.coop/press-releases/national-cooperative-bank-originated-over-68-million-for-new-york-area-cooperatives-and-condominiums-in-the-second-quarter-of-2024) ![New Cooperative, Labor, and Mutualist Coalition Calls on Mayor Adams to Prioritize Office to Residential Conversions to Affordable Housing Cooperatives](https://www.ncb.coop/hubfs/NCB%20WMBC%20Logo%20-%20Featured%20Image.png) 09 Apr 2024 New Cooperative, Labor, and Mutualist Coalition Calls on Mayor Adams to Prioritize Office to Residential Conversions to Affordable Housing Cooperatives [Read Post ](https://www.ncb.coop/press-releases/new-cooperative-labor-and-mutualist-coalition-calls-on-mayor-adams-to-prioritize-office-to-residential-conversions-to-affordable-housing-cooperatives) Media Contacts #### Mary Alex Blanton Senior Vice President [703.302.8876](tel:7033028876) #### Heather Cummings Vice President [937.393.6429](tel:9373936429) ## Stay Informed Stay informed about NCB and how we impact communities nationwide. 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