Stellar Management Secures $23M Loan From Customers Bank For Multifamily Building In Park Slope

The asset involved in this transaction is a multifamily residential building located at 341 10th Street in Park Slope, Brooklyn. The property comprises 154 units and has a total square footage of 165,367. Stellar Management secured a loan amount of $23,000,000 for this asset.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $23,000,000
• Address: 341 10th Street
• Market: Park Slope, Brooklyn
• Units: 154
• Square Footage: 165,367
• Lender: Customers Bank
• Landlord: Laurence Gluck - Stellar Management

Laurence Gluck represents Stellar Management in this transaction, facilitating the loan agreement with Customers Bank for their multifamily property acquisition. This deal highlights the involvement of established entities within the lending and management sectors in Brooklyn's real estate market.