68 Richardson Street refinances at $16.1M

Overview

This existing 24-unit, 1920-built rental building at 68 Richardson Street was refinanced with just over $17 million in new institutional debt in July 2026 -- a $16.13 million loan agreement and a separate $930,000 mortgage, both from ORIX RE Holdings, LLC. The building last traded in July 2022, when The Kalikow Group sold it to FREO Group/Freo Management (through partners KEPWRS INV and RiverOak NYC I, LLC) for $21.5 million, financed at the time by a $13.5 million Hudson Valley Bank loan to Kalikow's own ownership entity, per Kalikow's own project page, PincusCo, and The Real Deal. This refinancing is new debt from a different lender on that same, already-sold building -- a straightforward recapitalization, not a further change of ownership or new construction.

A straightforward refinancing on an established Williamsburg rental building, four years after its last sale -- useful context for the neighborhood's capital-markets activity, though not itself a development story.

Parties Involved 2 recorded

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