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240 3rd Avenue

Tavros Capital Charney Companies Canyon Partners Secure $125.54M Loan For 240 3rd Avenue
FINANCEDMultiFamily

Tavros Capital Charney Companies Canyon Partners Secure $125.54M Loan For 240 3rd Avenue

240 3rd Avenue

$125,553,600

Building Size

Asset Type

MultiFamily

Closing

Mar 3, 2026

AI

The property asset involved in this transaction is a multifamily unit located at 240 3rd Avenue in the Gowanus area of Brooklyn, comprising 224 units. The transaction involves a loan amount of $125,536,000 facilitated by Freddie Mac.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $125,536,000
  • Address: 240 3rd Avenue
  • Market: Gowanus, Brooklyn
  • Lender: Freddie Mac
  • Landlord: Tavros Capital, Charney Companies & Canyon Partners
  • Brokers: Christopher Peck, Peter Rotchford, Nicco Lupo & Michael Shmuely - JLL

The transaction involved key individuals and companies, with Tavros Capital, Charney Companies, and Canyon Partners serving as the landlords. The brokers who facilitated the deal were Christopher Peck, Peter Rotchford, Nicco Lupo, and Michael Shmuely from JLL.

Players

Christopher Peck

JLL

Broker

$16B

vol

71 deals

Broker
Freddie Mac
Freddie MacLender

New York 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