Affinius Capital Issues $90M Refi for Mordechai Piller’s One Nine Rockwell in Brooklyn

Key Points:

•  Affinius Capital originated a $90 million loan to refinance the 174-unit One Nine Rockwell in Fort Greene, Brooklyn.
•  The 27-story Class A tower is owned by New York developer Mordechai Piller and is nearing lease-up and stabilization.
•  The asset sits in a transit-rich, supply-constrained submarket near Barclays Center and Fort Greene Park.

Affinius Capital has closed on a $90 million refinancing for One Nine Rockwell, a luxury multifamily property in Brooklyn’s Fort Greene neighborhood. The loan was made to New York-based developer Mordechai Piller and will be used to complete lease up and stabilize the asset. The deal reinforces lender appetite for institutional-grade multifamily in prime New York City submarkets despite elevated interest rates.

The Asset

One Nine Rockwell rises 27 stories and includes 174 residential units along with 1,200 square feet of ground-floor retail. The unit mix is heavily weighted toward smaller layouts, including 35 studios, 103 one bedrooms, and 36 two bedrooms. The building delivers a full amenity package geared toward luxury renters. Features include a doorman, co-working spaces, a fitness center with a yoga studio, a pet spa, a library, a tenant lounge, and bike storage. A sky lounge on the 27th floor offers a sundeck and skyline views, a key differentiator in competitive Downtown Brooklyn leasing.

Location Advantage

The property sits three blocks from Fort Greene Park and within six blocks of 12 subway lines, providing direct access to Lower Manhattan in roughly 10 minutes and Midtown in about 20 minutes. Barclays Center is just 0.2 miles away, and Fulton Mall, anchored by Whole Foods and national retailers, provides strong retail adjacency. For renters priced out of Manhattan, Fort Greene offers connectivity with relative value.

Capital Markets Signal

Affinius Capital, which manages $61 billion in gross assets, emphasized its focus on institutional-quality assets with long term fundamentals. The financing was arranged by David Bollag of Meridian Capital Group. For landlords and multifamily investors, this transaction signals continued liquidity for stabilized and near-stabilized Class A product in Brooklyn. While new development starts have slowed, lenders are still backing well-located assets with durable renter demand. In a market where rent growth has moderated but vacancy remains tight in core submarkets, capital continues flowing to transit-oriented, amenity-rich multifamily. Brooklyn’s best located assets are still financeable, and this $90 million refi underscores that confidence.