- Lender: KKR, 10-year fixed-rate loan, per Commercial Observer.
- Existing debt retired: roughly $71.1 million, according to JLL.
- Unit mix: 133 units, 98 market-rate and 35 affordable.
Hush Street Deals
Notable Brooklyn property deals — sales, acquisitions and financings worth knowing about, each one traced back to the records and reporting behind it. A curated selection, not every transaction in the borough.
- Ponce Bank, N.A. is named as administrative agent, the role that typically leads a multi-lender facility.
- The mortgage covers the entire lot, Block 146, Lot 2, per city records.
- The document was signed Sept. 11, 2026 and recorded Sept. 24, 2026.
- Borrower entity lists a care-of address with Alloy Development Holdings LLC
- Lender is Maxim Credit Group, LLC, listed at 600 Madison Avenue
- Recorded as an "agreement" on Brooklyn Block 110, Lot 25
- Retires existing debt and funds converting floors 8-23 of a 24-story tower -- completed in 2023 but never occupied as office space -- into 233 rental apartments.
- Prior lender Corebridge Institutional Investments was assigned out of the senior position as part of this closing.
- BH3 Management and Capstone Equities took control of the then-vacant tower via an $86 million foreclosure sale in July 2025.
- Filed plans call for three 99-unit residential buildings on the assembled site, directly across from the former Macy's/BKX redevelopment.
- Unit-count figures vary across press coverage (297 vs. 396 vs. a separately reported 468) -- not reconciled.
- The $85M acquisition/pre-development loan came from BridgeCity Capital, with Popular Bank also named on the ACRIS documents.
- 150-unit rental building completed in 2023
- 35-year 421-a tax abatement in place
- One-bedroom units start at $4,700 per month
- The loan is a construction-to-permanent takeout now that The Eleanor (79 units) is finished and leasing.
- ACRIS traces the loan's path through three different lenders -- Alliant Credit Union to S3 RE 52 4th Ave Funding to Counterpointe-MassMutual.
- Studios currently rent from roughly $3,500-$3,600/month; two-bedrooms around $5,800, per StreetEasy.
Nearby streetscape — not confirmed as the property
- Current listings classify 132 Waverly Avenue as Clinton Hill; Hush Street's Tracker geography places it in Fort Greene. The boundary between the two is genuinely ambiguous here.
- 132 Waverly (built 2025, 15 units, developer Green Street Group) has been leasing since February 2026; 134 Waverly (built 2024) is a smaller, 6-unit building.
- An active affordable-housing lottery for the building lists rents starting around $1,077 per month for income-qualified units, alongside market-rate units reported elsewhere at $3,234 to $4,341.
Nearby streetscape — not confirmed as the property
- The 1920-built, six-story building sits at the southeast corner of Court and Livingston Streets, one block from Brooklyn Borough Hall and three blocks from the Jay Street-MetroTech A/C/F station.
- A commercial marketing listing names Investors Bank as the building's anchor tenant and flags upside potential in converting floors 2 through 6 (currently office space) to residential use.
- The building last traded in November 2020 for $11.5 million to an unrelated buyer, Anthony Loconte -- prior market-value context, not part of this transaction.
Nearby streetscape — not confirmed as the property
- Lender: AllianceBernstein, per Walker & Dunlop, on a three-year, floating-rate loan
- Property: 240 residential units, 30% affordable under 421-a, plus about 2,400 sq ft of retail
- Location: full cross-block site between Fulton and Halsey Streets near the A and C lines
Nearby streetscape — not confirmed as the property
- The filing calls for a 16-story, 180-foot tower with 99 units averaging 840 square feet -- a family-scaled unit mix, not studios.
- Demolition permits have already been filed for the two-story commercial building on the site, and reader comments on the permit article indicate the assemblage also includes 32-40 4th Avenue, not just the Pacific Street parcels.
- PincusCo's headline names Joseph Daskal as the developer controlling the assembled parcels. The Department of Buildings permit lists Chase Weber as owner.
- Covers two separate properties in two different zip codes -- 1462 39th Street (Kensington, zip 11218) and 1683 42nd Street (Bensonhurst, zip 11204) -- refinanced together as one package.
- Borrowers are The Bnos Educational Trust and The Bnos Shifra Trust; a likely match, Bais Shifra Inc., is confirmed via public PPP-loan records as an operating private school one door from the 42nd Street address.
- The original lender, KeyBank National Association, assigned the position to Truist Bank -- both ordinary full-service banks, not a distressed-debt buyer, consistent with a routine refinancing rather than a loan workout.
Deals Intelligence
A read on Hush Street's own documented coverage across all 59 published deals -- not an estimate of total market activity. Every row links to the underlying records.
Coverage Published transactions run from Mar. 2026 to Oct. 2026. Records are selected from New York City's public ACRIS filings and reviewed by hand, so this is a curated set weighted toward development-scale activity — not every Brooklyn transaction in that period. Automated collection currently monitors a rolling 90-day window, which trails the city's own public feed by several weeks; anything published outside that window was added by editorial research.