Refinancing · Sunset Park

534 63rd Street refinances at $18M

Street-level view near 534 63rd Street, Brooklyn, NY
Nearby streetscape
Amount
$18M
Type
Refinancing
Date
Jul. 2026

534 63rd Street, Brooklyn, NY

Recorded in NYC property records.

Borrower
Bay Ridge CMBS Holding LLC
The Deal at a Glance
  • KeyBank refinanced a 135,600-square-foot self-storage building, taking over the existing loan from Santander Bank.
  • $18 million consolidated loan: the existing mortgages plus a new $8.63 million mortgage.
  • A same-day deed with no consideration moved the property to the borrower, Bay Ridge CMBS Holding LLC.
  • Block 5810, Lot 21; listed at 536 63rd Street in city land-use records and 534 63rd Street in DOB records.

Overview

KeyBank National Association refinanced 534 63rd Street in Sunset Park, a 135,600-square-foot self-storage building, with an $18 million consolidated loan to Bay Ridge CMBS Holding LLC, according to documents dated July 28, 2026 and recorded on Aug. 5, 2026.

KeyBank took over the property's existing mortgages from Santander Bank by assignment and combined them with a new $8,626,093.28 mortgage into the $18 million agreement, which a matching assignment of leases and rents also records. The same day, a deed with no consideration moved the property from SHS Bay Ridge LLC to the borrower, Bay Ridge CMBS Holding LLC.

The building sits on Brooklyn Block 5810, Lot 21, which city land-use records list as 536 63rd Street and Department of Buildings records as 534 63rd Street, and is classed as a self-storage warehouse. The filings do not state the loan's term or rate.

A national bank taking over and enlarging the debt on one of Sunset Park's largest self-storage buildings, with the property moved into a new borrowing entity the same day.

Parties Involved 2 recorded

Editorial monogram for Bay Ridge CMBS Holding LLC — not an official logo.BR
Borrower
Bay Ridge CMBS Holding LLC
Named in the record; no Hush Street entity profile yet.
Basis

Listed as Party 1 on the recorded NYC ACRIS agreement, mortgage and assignment of leases and rents; the lender is the counterparty.

Editorial monogram for KeyBank National Association — not an official logo.KN
Lender
KeyBank National Association
2 Hush Street deals $31.5M combined
Basis

Listed as Party 2 on the same recorded ACRIS documents, alongside a mortgage and an assignment of leases and rents.

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

Address534 63rd Street, Brooklyn, NY
NeighborhoodSunset Park
Property TypeCommercial
Sources & Recordsverification, citations & data notes
Verification
Verified — Primary Source
Sources
  1. ACRIS Document Detail, Agreement, 534 63rd Street — NYC Department of Finance (ACRIS)
  2. ACRIS Document Detail, Mortgage, 534 63rd Street — NYC Department of Finance (ACRIS)
  3. ACRIS Document Detail, Assignment of Leases and Rents, 534 63rd Street — NYC Department of Finance (ACRIS)
  4. ACRIS Document Detail, Assignment of Mortgage, 534 63rd Street — NYC Department of Finance (ACRIS)
  5. ACRIS Document Detail, Deed, 534 63rd Street — NYC Department of Finance (ACRIS)
  6. Property Information Portal, Brooklyn Block 5810, Lot 21 — NYC Department of City Planning (PLUTO)
Amount
Consolidated loan amount. The $18,000,000 agreement references the property's existing mortgages, assigned from Santander Bank to KeyBank the same day, and the new $8,626,093.28 mortgage, which is part of the $18,000,000, not added to it.