Avery Hall Investments Refinances 204 4th Avenue Multifamily In Gowanus Brooklyn For $120.4M
204 4th Avenue
$120,400,000
$619/SF
Building Size
194,402 SF
Asset Type
MultiFamily
Closing
Feb 26, 2026
AI
The property asset involved in this transaction is a multifamily residential building located at 204 4th Avenue in Gowanus, Brooklyn. It encompasses a total square footage of 194,402 and consists of 193 units. The transaction reflects a refinance with a loan amount of $120,400,000, recorded at a price of $619 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $120,400,000
- Address: 204 4th Avenue
- Market: Gowanus, Brooklyn
- Square Footage: 194,402
- Units: 193
- Lender: JLL
- Landlord: Avishy Fisher - Avery Hall Investments
- Loan Type: Refinance
- Prior Debt: $79.8M from Affinius Capital
- Loan Closed Date: Feb. 26, 2026
- Recording Date: Mar. 9, 2026
Avery Hall Investments, through 204 4th Avenue LLC, played a significant role in this transaction by securing a refinance loan from JLL Real Estate Capital to replace existing debt. This refinancing process facilitates the continuation and management of the property's financing structure under the ownership of Avishy Fisher.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93