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Joel Fleisher Of Halcyon Management Secures $333.9M Refinance Loan From Wells Fargo For Multifamily Asset

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FINANCED
$333,900,000

New York

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MultiFamily1,847,482 SF
Financed 03/30/2026
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Property Image
FINANCED

Joel Fleisher Of Halcyon Management Secures $333.9M Refinance Loan From Wells Fargo For Multifamily Asset

60 Wharf Drive & 23 West Street

See Similar Deals
MultiFamily1,847,482 SF
Financed 03/30/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$180
Total Square Footage:1,847,482 SF
Transaction Type:Loan

This transaction involved the refinancing of two residential elevator buildings located at 60 Wharf Drive and 23 West Street in Greenpoint, Brooklyn. The properties consist of a total of 770 units with a combined square footage of 923,741. The loan amount for this refinancing deal was $333,900,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $333,900,000
  • Square Feet: 923,741
  • Units: 770
  • Address: 60 Wharf Drive & 23 West Street
  • Market: Greenpoint, Brooklyn
  • Lender: Wells Fargo
  • Landlord: Joel Fleisher - Halcyon Management
  • Loan Type: Refinance

The refinancing was executed by Halcyon Management’s West Development B LLC, representing a substantial financial maneuver in the Greenpoint area focused on enhancing the management of its multifamily units. Joel Fleisher played a significant role in this transaction as the landlord throughout the process.

Players

Wells Fargo
Wells Fargo
LENDER
Joel Fleisher
Halcyon Management
Joel Fleisher
1 deal$333.9M volume
LANDLORD

Details

FINANCED
IMAGE: Joel Fleisher DATE: 03/30/2026 ADDRESS: 60 Wharf Drive & 23 West Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ SF: 923,741 ~ UNITS: 770 LENDER: Wells Fargo (@WellsFargo) LANDLORD: Joel Fleisher - Halcyon Management LOAN AMOUNT: $333,900,000 LOAN TYPE: Refinance NOTE: Halcyon Management’s West Development B LLC refinanced a $333.9M loan with Wells Fargo for two Greenpoint, Brooklyn residential elevator buildings totaling 770 units, including 60 Wharf Drive (554 units) and 23 West Street (216 units).

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$333,900,000.00

Monthly NOI$2,226,000.00
Monthly Debt Service$2,110,475.13
Change in Cash Flow$0.00
Refinance Proceeds$0.00