Refinancing · Bedford-Stuyvesant

122 Sandford Street refinances at $69M

Street-level view near 122 Sandford Street, Brooklyn, NY
Nearby streetscape
Amount
$69M
Type
Refinancing
Date
Sept. 2026

122 Sandford Street, Brooklyn, NY

Recorded in NYC property records.

Borrower
Myrtle Owner LLC
Lender
Citibank, N.A.
All 3 parties on this transaction →
The Deal at a Glance
  • Borrower on the record is Myrtle Owner LLC; lender is Citibank, N.A.
  • PincusCo ties Rivington Company to the refinancing and describes the property as a 120-unit rental.
  • Brownstoner reported the borrower LLC paid $17 million for the sites in 2021.
  • The property is Brooklyn Block 1736, Lot 34.

Overview

Myrtle Owner LLC has a $69 million agreement with Citibank, N.A. covering 122 Sandford Street in Bedford-Stuyvesant, according to a city property record. PincusCo reported on Sept. 22, 2026 that Rivington Company signed a $69 million refinancing with Citibank for the rental building.

The parcel is Brooklyn Block 1736, Lot 34. PincusCo's headline describes the property as a 120-unit rental; the article body is behind a paywall, and further loan terms are not available.

Brownstoner reported in 2023 that city records show Brooklyn-based developer Rivington Company is behind Myrtle Owner LLC.

The recorded $69 million agreement with Citibank, which PincusCo reported as a refinancing, is a sizable bank loan on a Bedford-Stuyvesant rental building.

Parties Involved 3 recorded

Editorial monogram for Myrtle Owner LLC — not an official logo.MO
Borrower
Myrtle Owner LLC
Named in the record; no Hush Street entity profile yet.
Basis

Listed as Party 1 on the ACRIS agreement for 122 Sandford Street.

Editorial monogram for Citibank, N.A. — not an official logo.C
Lender
Citibank, N.A.
Named in the record; no Hush Street entity profile yet.
Basis

Listed as Party 2 on the ACRIS agreement for 122 Sandford Street.

Editorial monogram for Rivington Company — not an official logo.RC
Sponsor
Rivington Company
Rivington Company
Named in the record; no Hush Street entity profile yet.
Basis

PincusCo headline says Rivington Company signed the refi; Brownstoner (2023) says city records show Rivington is behind Myrtle Owner LLC.

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

Address122 Sandford Street, Brooklyn, NY
NeighborhoodBedford-Stuyvesant
Property TypeResidential
Sources & Recordsverification, citations & data notes
Verification
Verified — Primary Source
Sources
  1. ACRIS Document Detail, Agreement — NYC Department of Finance (ACRIS)
  2. Rivington Company signs $69M refi with Citibank for 120-unit rental in Bedford Stuyvesant — PincusCo
  3. Myrtle Avenue rezoning apartments Bed-Stuy — Brownstoner
Amount
Amount as recorded in the city property record for the agreement; matches the figure in PincusCo's headline. Loan terms and the loan being replaced are not disclosed.