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544 Carroll Street

Updated Mar 11, 2025

Avery Hall, Declaration Partners & Bridge Investment Group Secure $72.5M Construction Loan For Gowanus Multifamily
FINANCEDMultiFamily

Avery Hall, Declaration Partners & Bridge Investment Group Secure $72.5M Construction Loan For Gowanus Multifamily

544 Carroll Street

$72,500,000

$534/SF

Building Size

135,608 SF

Asset Type

MultiFamily

Closing

Sep 15, 2023

About this deal

AI

A multifamily property located at 544 Carroll Street in Gowanus, Brooklyn has been involved in a recent loan transaction. The property spans over 135,608 square feet and comprises 133 units. The loan amount for this transaction is $72,500,000, and it falls under the category of construction loans. The property is owned by Avery Hall, Declaration Partners, and Bridge Investment Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $72,500,000
  • Address: 544 Carroll Street
  • Market: Gowanus, Brooklyn
  • Square Footage: 135,608
  • Units: 133
  • Landlord: Avery Hall, Declaration Partners & Bridge Investment Group
  • Lender: TD Bank
  • Brokers: Christopher Peck & Peter Rotchford - JLL
  • Loan Type: Construction

Christopher Peck and Peter Rotchford from JLL served as brokers in this loan transaction.

On the Map

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$72,500,000

$534/SF

MultiFamily

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Players

Christopher Peck

JLL

Broker

$18.2B

vol

78 deals

Broker
Bridge Investment Group
Bridge Investment GroupLender
TD Bank
TD BankLender
Bridge Investment Group
Bridge Investment GroupLandlord
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Deal FAQ

About $534 per square foot on a published $72.5M for 135,608 square feet (2023).

Visit Peter (Pete) Rotchford to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.22%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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