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

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FINANCED
$125,553,600
Nicco Lupo
Michael Shmuely
Peter (Pete) Rotchford
+ 1

New York

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MultiFamily
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FINANCED

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

240 3rd Avenue

See Similar Deals
MultiFamily
Financed
Nicco Lupo
Michael Shmuely
Peter (Pete) Rotchford
+ 1
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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 (Chris) Peck
JLL
Christopher Peck
70 deals$14.6B volume(212) 632-1812
BROKER
Peter (Pete) Rotchford
JLL
Peter Rotchford
61 deals$8.6B volume(212) 632-1822
BROKER
Michael Shmuely
JLL
Michael Shmuely
26 deals$2.4B volume
BROKER
Nicco Lupo
JLL
Nicco Lupo
44 deals$8.8B volume
BROKER
Freddie Mac
Freddie Mac
LENDER
CP
Canyon Partners
LANDLORD

Details

FINANCED
IMAGE: Christopher Peck, Peter Rotchford, Michael Shmuely & Nicco Lupo DATE: 3/4/2026 ADDRESS: 240 3rd Avenue - Union Channel MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ UNITS: 224 LENDER: Freddie Mac (@FreddieMacCorp) LANDLORD: Tavros Capital, Charney Companies (@CharneyCompanies) & Canyon Partners BROKERS: Christopher Peck, Peter Rotchford, Nicco Lupo & Michael Shmuely - JLL (@JLL) LOAN AMOUNT: $125,536,000 ,Brooklyn

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$125,553,600.00

Monthly NOI$837,024.00
Monthly Debt Service$793,584.16
Change in Cash Flow$0.00
Refinance Proceeds$0.00