Charney Companies And Tavros Capital Secure $174.5 Million Debt And Equity Capitalization In Gowanus Brooklyn

The property asset involved in the transaction is a multifamily building located at 175 3rd Street in Gowanus, Brooklyn. The asset spans a total square footage of 1,000,000 and comprises 1,000 units. The total debt and equity capitalization for the project amounts to $174,500,000, which covers acquisition and pre-development financing along with equity placement.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $174,500,000
• Address: 175 3rd Street
• Market: Gowanus, Brooklyn
• Asset Size: 1,000,000 SF
• Units: 1,000
• Lender: Silver Point Capital, Tikehau Capital, The Brodsky Organization & Atlas Capital Group
• Landlord: Charney Companies & Tavros Capital
• Brokers: Christopher Peck, Peter Rotchford, Nicco Lupo & Lauren Kaufman - JLL
• Loan Type: Acquisition and pre-development financing and equity placement

The key individuals and companies involved in this transaction include the lenders, Silver Point Capital, Tikehau Capital, The Brodsky Organization, and Atlas Capital Group, who provided the necessary financing. The landlords, Charney Companies, and Tavros Capital are responsible for the property, while the brokers representing the deal are Christopher Peck, Peter Rotchford, Nicco Lupo, and Lauren Kaufman from JLL.