Financing · Bushwick
169 Knickerbocker Avenue lands $5.4M
- Amount
- $5.4M
- Type
- Financing
- Date
- Jul. 2026
169 Knickerbocker Avenue, Brooklyn, NY
Recorded in NYC property records.
- Borrower
- Knickerbocker Estates LLC
- The project is a vertical expansion -- adding a fourth story to an existing three-story building -- not ground-up new construction, so no demolition permit was needed.
- The permit filer, Chaim Fuchs of Knickerbocker Estates LLC, matches the ACRIS borrower exactly.
- The finished building will mix residential (5,466 sq ft), commercial (1,229 sq ft), and community-facility (329 sq ft) space across eight rental units.
- A current StreetEasy listing confirms the building is now complete and actively leasing.
Overview
On July 1, 2026, Knickerbocker Estates LLC closed a $5.4 million mortgage, recorded twice, to finance the expansion of 169 Knickerbocker Avenue in Bushwick. New York YIMBY's own February 2025 permit filing names Chaim Fuchs of Knickerbocker Estates LLC as the owner behind the application -- an exact match to the ACRIS borrower.
The filing calls for expanding the existing three-story structure into a four-story, 46-foot-tall mixed-use building totaling 7,025 square feet: 5,466 square feet of residential space, 1,229 square feet of commercial space, and 329 square feet of community facility space. The building will have eight residences, most likely rentals, averaging 683 square feet each, in a steel-based structure with a cellar and no accessory parking. Naresh Mahangu of NY Building Associates is architect of record. Because the project is a vertical expansion rather than new construction, demolition permits were not expected to be needed.
A current StreetEasy listing for a unit in the building (#202) confirms the project has since been completed and is actively leasing.
This address is one of four small filings already covered in Hush Street's Bushwick Tracker, bundled in its Corridor Infill section -- this financing is the first confirmed capital detail behind that filing.
One of the four small filings already covered in this Tracker's bundled Corridor Infill section -- this $5.4 million financing confirms real construction capital stood behind the filing, and the building has since been completed and leased, closing the loop on a project the Tracker had only tracked at the permit stage.
Parties Involved 2 recorded
Basis
Named as party1 on the ACRIS MTGE/AGMT documents; New York YIMBY's permit article names Chaim Fuchs of this same entity as the owner behind the building expansion.
Chaim Fuchs: Recorded on this Deal as the party behind "Knickerbocker Estates LLC" — 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 "Knickerbocker Estates LLC".
Basis
Named as party2 on the ACRIS MTGE/AGMT documents.
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, $5,400,000 — NYC ACRIS
- Permits Filed for 169 Knickerbocker Avenue in Bushwick, Brooklyn — New York YIMBY
- 169 Knickerbocker Avenue #202 — StreetEasy