Updated Mar 31, 2026
Tavros Capital Charney Companies Canyon Partners Secure $125.54M Loan For 240 3rd Avenue
240 3rd Avenue
$125,553,600
Units
224
Asset Type
MultiFamily
Closing
Mar 3, 2026
About this deal
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.
On the Map
$125,553,600
MultiFamily
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Players
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