340 Nevins Street in Brooklyn, New York

Affinius Capital, Kennedy Wilson Originate $160 Million Construction Loan for 340 Nevins Street in Brooklyn, New York

by Channing Hamilton

NEW YORK CITY — Affinius Capital LLC and Kennedy Wilson have originated a $160 million senior construction loan for 340 Nevins Street, a 320-unit apartment project in Brooklyn’s Gowanus neighborhood. A joint venture between Tavros Holdings and Charney Cos. is undertaking the development project. Dustin Stolly and Jordan Roeschlaub of Newmark arranged the financing.

340 Nevins Street will rise 22 stories. The community will offer studio, one-, two- and three-bedroom apartments. Twenty-five percent of the units will be set aside as affordable housing. Income restrictions for these units have not been disclosed. The property will also include 29,000 square feet of ground-floor retail space.

Planned amenities include a fitness center, co-working spaces, a wellness spa, pool, indoor and outdoor lounges and a rooftop terrace. Residents will also have access to amenities at other nearby projects developed by Tavros and Charney.

Vertical construction on 340 Nevins Street will begin imminently. The development team expects to deliver the community by mid-2027.

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