Israel Discount Bank of New York

Overview

Israel Discount Bank of New York is the lender of record on Bridges Development Group's July 2026 purchase of Kingswood Center, the 226,130-square-foot retail and office complex at 1630 East 15th Street in Sheepshead Bay. The bank is named on all three mortgages recorded against the property on the day of the $31 million acquisition, which Bridges bought out of a CMBS trust after the prior owner defaulted.

Source: IDB Bank

Transactions Tracked

Kingswood Center Acquisition (Jul. 2026)

Lender

Named as party2 on all three mortgages recorded with the deed (ACRIS docs 2026072100510002, -003 and -004). The Deal's $31M headline is the purchase price, not the size of the bank's lending, which is not stated as a combined total.

Sources

1. ACRIS Document Detail -- mortgage — NYC ACRIS
2. IDB Bank — IDB Bank