Financing · Gowanus
Charney and Tavros close $785M on the biggest building in Gowanus Wharf
The building is the largest in the Gowanus Wharf master plan, designed by Bjarke Ingels Group.
- Amount
- $785M
- Type
- Financing
- Date
- Aug. 2026
175 Third Street, Brooklyn, NY
Recorded in NYC property records.
- Borrower
- Gowanus 3rd Street Owner LLC
- The ACRIS filing is the first primary-source confirmation of which entity (Athene Annuity, an Apollo Global Management subsidiary) sits behind the previously-reported "Apollo" debt tranche.
- The same filing includes a City of New York/HPD regulatory agreement confirming the project's affordable-housing set-aside is formally in place.
- 175 Third Street is the largest single building in the Gowanus Wharf master plan -- roughly 1,000 units, designed by Bjarke Ingels Group.
- Site work began in early October 2026.
Overview
In June 2026, Charney Companies and Tavros Capital closed roughly $785 million in total capitalization for 175 Third Street, the largest building in their Gowanus Wharf master plan -- a $600 million Apollo/Affinius-led debt package plus $185 million in RXR equity, per contemporary press coverage. The ACRIS mortgage document recorded the following month names Athene Annuity and Life Company, Apollo Global Management's insurance-based lending arm, as mortgagee against the borrowing entity, Gowanus 3rd Street Owner LLC. Site work began in early October 2026 on the roughly 1,000-unit, Bjarke Ingels Group-designed tower.
Gowanus Wharf is the largest active development in the neighborhood, and 175 Third Street is its biggest single building. The ACRIS filing is the first primary-source confirmation of exactly which entity is behind the previously-reported "Apollo" debt tranche, and the same filing includes a City of New York/HPD regulatory agreement confirming the project's affordable-housing set-aside is formally in place.
Parties Involved 3 recorded
Basis
Named as mortgagor on the ACRIS MTGE document.
Charney Companies: Recorded on this Deal as the party behind "Gowanus 3rd Street Owner LLC" — named in this Deal's own published summary. The ACRIS-recorded party is unchanged and remains "Gowanus 3rd Street Owner LLC".
Tavros Capital: Recorded on this Deal as the party behind "Gowanus 3rd Street Owner LLC" — named in this Deal's own published summary. The ACRIS-recorded party is unchanged and remains "Gowanus 3rd Street Owner LLC".
Basis
Named as mortgagee on the ACRIS MTGE document; confirmed via SEC filings as a wholly-owned insurance subsidiary of Apollo Global Management.
Apollo Global Management: Recorded on this Deal as the party behind "Athene Annuity and Life Company" — named in this Deal's own published summary; named in this participant row's own role basis. The ACRIS-recorded party is unchanged and remains "Athene Annuity and Life Company".
Basis
Reported by Mann Report as providing $185M in equity alongside the Apollo/Affinius debt tranche; not itself named on the ACRIS mortgage document.
Counts and combined values are computed from Hush Street’s own published Deal records only. “Combined” is the total value of the transactions a party appears on, not capital deployed by that party, and two parties on the same transaction each reflect its full amount. Not a career or market total.
Marks shown are Hush Street editorial monograms, generated from each party’s recorded name — not official company logos.
Property & Project
Sources & Recordsverification, citations & data notes
- Co-Developers Charney Companies, Tavros and InCoCo Capital Close on Billion-Dollar Construction Capitalization for 175 Third Street in Gowanus — Mann Report
- Charney, Tavros snag $785M debt for historic Gowanus project — The Real Deal
- Construction Begins on 1,000-Unit Tower at 175 Third Street in Gowanus, Brooklyn — New York YIMBY
- ACRIS Document Detail — NYC ACRIS