New York Community Bank Provides $24.2M Loan To Stellar Management For Upper West Side Multifamily Property

The multifamily property located at 252 West 76th Street in the Upper West Side was involved in a recent loan transaction. The property, owned by Stellar Management, secured a loan amount of $24,215,683 from New York Community Bank. The asset spans an area of 50,600 square feet and comprises 61 units.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $24,215,683
• Address: 252 West 76th Street
• Market: Upper West Side
• Lender: New York Community Bank
• Landlord: Stellar Management
• Square Footage: 50,600
• Number of Units: 61

In this transaction, New York Community Bank provided the loan to Stellar Management for the multifamily property at 252 West 76th Street. The loan amount of $24,215,683 allowed the landlord to secure financing for the property. This deal highlights the successful partnership between New York Community Bank and Stellar Management in the Upper West Side real estate market.