facebook
Traded Co logo
Submit

Alloy Development Secures $495 Million Loan From Kayne Anderson & Vistria Group For Downtown Brooklyn Project

Property Image
FINANCED
$495,000,000
Nicco Lupo
Peter (Pete) Rotchford
+ 1

New York

See Similar Deals
Mixed-use509,373 SF
Financed 08/25/2025
the dealplayerscompscontact
Property Image
FINANCED

Alloy Development Secures $495 Million Loan From Kayne Anderson & Vistria Group For Downtown Brooklyn Project

Third Avenue

See Similar Deals
Mixed-use509,373 SF
Financed 08/25/2025
Nicco Lupo
Peter (Pete) Rotchford
+ 1
Contact now

Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$971
Total Square Footage:509,373 SF
Transaction Type:Loan

The property asset involved in this transaction is a mixed-use development located at One Third Avenue in Downtown Brooklyn. This asset encompasses a total square footage of 509,373 and comprises 583 residential and commercial units.

Summary of transaction details:

The key individuals involved in the transaction are Christopher Peck, Peter Rotchford, Nicco Lupo, and Drew Isaacson, all representing JLL in this deal. They play a critical role in facilitating the loan agreement with the lender, Kayne Anderson & Vistria Group, for the landlord, Alloy Development.

Players

Christopher (Chris) Peck
70 deals$14.6B volume(212) 632-1812
BROKER

Peter (Pete) Rotchford
JLL
63 deals$8.9B volume(212) 632-1822
BROKER

Nicco Lupo
JLL
47 deals$9B volume
BROKER

Drew Isaacson
JLL
22 deals$6B volume
BROKER

JLL
BROKERAGE


Details

FINANCED
IMAGE: Christopher Peck, Nicco Lupo, Peter Rotchford & Drew Isaacson DATE: 8/25/2025 ADDRESS: One Third Avenue MARKET: Downtown Brooklyn ASSET TYPE: Mixed-use ~ SF: 509,373 ~ UNITS: 583 LENDER: Kayne Anderson & Vistria Group LANDLORD: Alloy Development BROKERS: Christopher Peck, Peter Rotchford, Nicco Lupo & Drew Isaacson - JLL (@JLL) LOAN AMOUNT: $495,000,000 LOAN TYPE: Full stack capitalization – construction financing and jv equity (Chris)Peck

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$495,000,000.00

Monthly NOI$3,300,000.00
Monthly Debt Service$3,128,736.72
Change in Cash Flow$0.00
Refinance Proceeds$0.00