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Avery Hall Investments And Gindi Capital Secures $136M Refinancing Loan For 655 Union Street

Property Image
FINANCED
$136,000,000
Michael Shmuely
Peter (Pete) Rotchford
+ 1

New York

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MultiFamily194,454 SF
Financed 02/25/2026
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Property Image
FINANCED

Avery Hall Investments And Gindi Capital Secures $136M Refinancing Loan For 655 Union Street

655 Union Street

See Similar Deals
MultiFamily194,454 SF
Financed 02/25/2026
Michael Shmuely
Peter (Pete) Rotchford
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$699
Total Square Footage:194,454 SF
Transaction Type:Loan

The property asset involved in this transaction is a multifamily building located at 655 Union Street in the Gowanus neighborhood of Brooklyn. The asset has a total square footage of 194,454 and comprises 193 units. The loan amount for this refinancing capitalization is $136,000,000.

Summary of transation details:

The transaction involves several key individuals and entities. The landlords are Avery Hall Investments and Gindi Capital. The brokerage firm JLL represented the deal with brokers Christopher Peck, Peter Rotchford, Michael Shmuely, and Nicco Lupo being integral to the transaction negotiation process.

Players

Christopher (Chris) Peck
70 deals$14.6B volume(212) 632-1812
BROKER

Peter (Pete) Rotchford
JLL
63 deals$8.9B volume(212) 632-1822
BROKER

Michael Shmuely
JLL
27 deals$2.6B volume
BROKER

Nicco Lupo
JLL
47 deals$9B volume
BROKER

Freddie Mac
LENDER


Details

FINANCED
IMAGE: Christopher Peck, Peter Rotchford, Michael Shmuely & Nicco Lupo DATE: 2/26/2026 ADDRESS: 655 Union Street MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ SF: 194,454 ~ UNITS: 193 LENDER: Freddie Mac (@FreddieMacCorp) & CenterSquare Investment Management LANDLORD: Avery Hall Investments and Gindi Capital BROKERS: Christopher Peck, Peter Rotchford, Michael Shmuely & Nicco Lupo - JLL (@JLL) LOAN AMOUNT: $136,000,000 LOAN TYPE: Refinancing capitalization ,Brooklyn

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$136,000,000.00

Monthly NOI$906,666.67
Monthly Debt Service$859,612.51
Change in Cash Flow$0.00
Refinance Proceeds$0.00