Financing · Gowanus
213 Third Avenue lands $38.5M
The 14-story Gowanus building at Third Avenue and Degraw Street, designed by Kushner Studios for owner Dolly Williams of A. Williams Construction, will hold 80 rental units across roughly 83,000 square feet.
- Amount
- $38.5M
- Type
- Financing
- Date
- Jul. 2026
213 Third Avenue, Brooklyn, NY
Recorded in NYC property records.
- Borrower
- 213 3rd Ave 1 LLC
- A same-day regulatory agreement with NYC HPD confirms the project's affordability component is formally on record.
- ACRIS's own party-role fields don't clearly distinguish lender from borrower on the two mortgages -- no lender name is asserted.
- Designed by Kushner Studios for owner Dolly Williams of A. Williams Construction; 80 rental units across roughly 83,000 sq ft.
Overview
The Third Avenue tower already under construction in Gowanus got its financing confirmed on the record in July 2026: two mortgages totaling $38.5 million, closed the same day as a regulatory agreement with the City of New York's Department of Housing Preservation and Development. Both mortgages are recorded between 590 Degraw LLC and 213 3rd Ave 1 LLC -- ACRIS's own party-role fields don't clearly distinguish lender from borrower here, so no lender name is asserted. The HPD agreement, confirmed directly against ACRIS, names the city and HPD on one side and 213 3rd Ave 1 LLC on the other, consistent with the project's affordability component.
Per New York YIMBY's original 2022 permit filing, the project is a 14-story, 145-foot mixed-use building at the corner of Third Avenue and Degraw Street, designed by Kushner Studios for owner Dolly Williams of A. Williams Construction. The building will yield 82,942 square feet -- 77,081 square feet residential and 5,861 square feet commercial -- across 80 rental units, with a cellar, a 30-foot rear yard, and 10 enclosed parking spaces. The corner lot sits near the Union Street R train station.
The first public confirmation of financing behind a Gowanus tower already tracked in Hush Street's Development registry -- now with its capital stack, its HPD regulatory agreement, and its building program all on the record.
Parties Involved 4 recorded
Basis
Named as party2 on both mortgages (docs 2026082600399001 and -003) and as party2 on the HPD regulatory agreement (doc -007) -- consistent with it being the project's development/ownership entity.
Basis
Named as party1 on both mortgages (docs 2026082600399001 and -003). ACRIS's own role convention is ambiguous here -- it isn't clearly resolvable whether this is the lender or an affiliated co-borrowing entity, so no lender role is asserted.
Basis
Named as party1 on the regulatory agreement (doc 2026082600399007), alongside the Department of Housing Preservation and Development.
Basis
Named as co-party1 on the regulatory agreement (doc 2026082600399007).
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
- ACRIS Document Detail -- mortgage, $27,022,750 — NYC ACRIS
- ACRIS Document Detail -- mortgage, $11,452,250 — NYC ACRIS
- ACRIS Document Detail -- regulatory agreement with NYC HPD — NYC ACRIS
- Permits Filed for 213 Third Avenue in Gowanus, Brooklyn — New York YIMBY