Affinius Capital LLC originates $90 million to refinance One Nine Rockwell

Brooklyn, NY Affinius Capital LLC (Affinius Capital) closed a $90 million loan to refinance One Nine Rockwell, a 27-story multifamily property in the Fort Greene neighborhood. The Class A building features 174 residential units and 1,200 s/f of ground floor retail space. The loan was made to a New York-based developer, Mordechai Piller, and the proceeds will be used to complete the lease-up and stabilization of the property.

Affinius Capital managing director David Greenburg said, “One Nine Rockwell is a high-quality multifamily property in a supply-constrained, transit-oriented Brooklyn submarket with durable renter demand. This transaction aligns with our strategy of deploying capital into institutional grade assets with compelling long-term fundamentals.”

The financing was arranged by David Bollag of Meridian Capital Group.

The luxury apartment building comprises 35 studios, 103 one-bedrooms, and 36 two-bedrooms all with premium finishes. The sky lounge on the 27^th floor offers a sundeck and viewing area. Amenities include a doorman, a tenant lounge, a library, co-working spaces, a fitness center with a yoga studio, and a pet spa as well as bike and storage facilities.

One Nine Rockwell provides an alternative to Manhattan, combining affordability with superior connectivity. Located in Fort Greene/Downtown Brooklyn, the property is three blocks from Fort Greene Park, within six blocks of 12 subway lines and 10 minutes to Lower Manhattan or 20 minutes to Midtown. Nearby, Barclays Center sits 0.2 miles away, while Fulton Mall, featuring Whole Foods and an array of retailers and restaurants, offers retail and dining options.