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Avery Hall Investments Refinances 204 4th Avenue Multifamily In Gowanus Brooklyn For $120.4M

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FINANCED
$120,400,000

New York

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MultiFamily194,402 SF
Financed
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FINANCED

Avery Hall Investments Refinances 204 4th Avenue Multifamily In Gowanus Brooklyn For $120.4M

204 4th Avenue

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MultiFamily194,402 SF
Financed
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$619
Total Square Footage:194402 SF
Transaction Type:Loan

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

LENDER

3 deals$131.1M volume
LANDLORD

Details

FINANCED
IMAGE: Avishy Fisher DATE: 02/26/2026 ADDRESS: 204 4th Avenue MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ SF: 194,402 ~ UNITS: 193 LENDER: JLL LANDLORD: Avishy Fisher - Avery Hall Investments LOAN AMOUNT: $120,400,000 LOAN TYPE: Refinance NOTE: Avery Hall Investments, via 204 4th Avenue LLC, refinanced 204 4th Avenue in Gowanus, Brooklyn, a 193-unit, 194,402 sq ft residential building, with a $120.4M loan from JLL Real Estate Capital, replacing prior $79.8M debt from Affinius Capital; the loan closed Feb. 26, 2026, recorded Mar. 9, 2026, at $619/ft².

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$120,400,000.00

Monthly NOI$802,666.67
Monthly Debt Service$761,009.90
Change in Cash Flow$0.00
Refinance Proceeds$0.00