Acquisition · Williamsburg
21 Wythe Avenue Acquisition & Financing (Jul. 2026)
- Amount
- $16.5M
- Type
- Acquisition
- Date
- Jul. 2026
21 Wythe Avenue, Brooklyn, NY
Recorded in NYC property records.
- Buyer
- 21 Wythe Ave LLC
- Seller
- 72 North 15th Street Owner LLC
- Lender
- OakNorth Bank PLC
- Borrower
- Oak Wythe LLC
- Part of a 20-document closing spanning the full North Williamsburg block (19-27 Wythe Ave, 72 & 88 North 15th St).
- A related $750,000 air-rights purchase from an adjacent owner closed the same day.
- A public Brownfield Cleanup Program filing confirms active environmental remediation already underway at 19 Wythe Avenue.
- Two previously-flagged lenders (Customers Bank, Symetra Life Insurance) don't appear on any of this closing's 20 documents.
Overview
21 Wythe Ave LLC bought the 21 Wythe Avenue parcel from 72 North 15th Street Owner LLC for $16.45 million in July 2026, financing the purchase with $22 million from OakNorth Bank PLC -- a $15.5 million loan agreement and a separate $6.5 million mortgage, both recorded the same day. A related $750,000 air-rights purchase from an adjacent owner closed alongside it, part of a 20-document closing event spanning the full North Williamsburg block (lots covering 19 Wythe Avenue, 21-27 Wythe Avenue, 72 and 88 North 15th Street, and an unaddressed North 14th Street parcel).
A public New York State Brownfield Cleanup Program application independently confirms active environmental remediation underway at 19 Wythe Avenue under related ownership, consistent with site preparation for redevelopment -- though no specific project has been publicly announced for the assembled block. Customers Bank and Symetra Life Insurance Company, named in earlier research on this site, don't appear on any of this closing's own 20 documents; they may relate to a separate, earlier financing history on the adjacent 72 North 15th Street parcel, which carries its own 124-document ACRIS history dating to March 2026 that hasn't been traced here -- not asserted as connected to this acquisition.
A real, identifiable institutional lender (OakNorth Bank) sits behind this North Williamsburg assemblage, which Brownfield Cleanup Program filings confirm is under active environmental remediation -- worth watching, though not yet an announced project.
Parties Involved 5 recorded
Basis
Named as party2 (grantee) on the deed (ACRIS doc 2026071601176006), as co-borrower on both OakNorth Bank loans (docs -009, -010), and as grantee on the air-rights transfer (doc -021).
Basis
Named as party1 (grantor) on the deed and as co-grantor on the air-rights transfer (doc -021).
Basis
Named as party2 on both the $6,495,050 mortgage (doc 2026071601176009) and the $15,500,000 loan agreement (doc -010).
Basis
Named as co-borrower alongside 21 Wythe Ave LLC on the OakNorth Bank mortgage and loan agreement.
Basis
Named as co-grantor, alongside 72 North 15th Street Owner LLC, on the $750,000 air-rights transfer (doc 2026071601176021).
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 -- deed, $16,450,189 — NYC ACRIS
- ACRIS Document Detail -- loan agreement, $15,500,000 — NYC ACRIS
- ACRIS Document Detail -- mortgage, $6,495,050 — NYC ACRIS
- ACRIS Document Detail -- air rights transfer, $750,000 — NYC ACRIS