Joel Gluck borrows $9.2M from Signature Bank for 110-unit rental in Flatbush

September 8, 2020 6:57 am

Joel Gluck through the entity Kings Court Housing LLC as borrower signed a loan agreement with lender Signature Bank valued at $9.2 million for 1 parcel, including the tax class multifamily, semi-fireproof (without stores) (D1) and containing 110 residential units at 1087 Lenox Road in Flatbush. The deal closed on August 25, 2020 and was recorded on September 4, 2020.
The property contains a total of 96,180 square feet of built space.
The average loan per unit is $83,636.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link

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