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Domain Companies And Silverstein Properties Secure $205M Bridge Loan From AllianceBernstein For Gowanus Multifamily

Property Image
FINANCED
$205,000,000
Nicco Lupo
Peter (Pete) Rotchford
Christopher (Chris) Peck

New York

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MultiFamily65,376 SF
Financed 07/14/2025
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Property Image
FINANCED

Domain Companies And Silverstein Properties Secure $205M Bridge Loan From AllianceBernstein For Gowanus Multifamily

420 Carroll Street

See Similar Deals
MultiFamily65,376 SF
Financed 07/14/2025
Nicco Lupo
Peter (Pete) Rotchford
Christopher (Chris) Peck
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$3,135
Total Square Footage:65,376 SF
Transaction Type:Loan

The asset involved in this transaction is a multi-family property located at 420 Carroll Street, Gowanus, Brooklyn, comprising 360 units. The transaction was supported by a bridge takeout financing loan amounting to $205,000,000.

Summary of transaction details:

The transaction involved key participants including the lender, AllianceBernstein L.P., and the landlords, Domain Companies and Silverstein Properties. The brokerage team representing the landlords comprised Christopher Peck, Peter Rotchford, and Nicco Lupo from JLL.

Players

Christopher (Chris) Peck
JLL
Christopher Peck
70 deals$14.6B volume(212) 632-1812
BROKER
Peter (Pete) Rotchford
JLL
Peter Rotchford
63 deals$8.9B volume(212) 632-1822
BROKER
Nicco Lupo
JLL
Nicco Lupo
47 deals$9B volume
BROKER
JLL
JLL
BROKERAGE
AllianceBernstein
AllianceBernstein
LENDER
Silverstein Properties
Silverstein Properties
LANDLORD
DC
Domain Companies
LANDLORD

Details

FINANCED
IMAGE: Christopher Peck, Peter Rotchford & Nicco Lupo DATE: 7/14/2025 ADDRESS: 420 Carroll Street MARKET: Gowanus, Brooklyn ASSET TYPE: MultiFamily ~ UNITS: 360 LENDER: AllianceBernstein L.P. LANDLORD: Domain Companies & Silverstein Properties (@SilversteinProperties) BROKERS: Christopher Peck, Peter Rotchford & Nicco Lupo - JLL (@JLL) LOAN AMOUNT: $205,000,000 LOAN TYPE: Bridge Takeout Financing

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$205,000,000.00

Monthly NOI$1,366,666.67
Monthly Debt Service$1,295,739.45
Change in Cash Flow$0.00
Refinance Proceeds$0.00