AMITYVILLE, N.Y. — Rechler Equity Partners has obtained a $154.3 million refinancing loan for Greybarn Amityville, a 335-unit property in Amityville. The JLL Capital Markets team that arranged the financing was led by Peter Rotchford, Andrew Scandalios and Clayton Ross. PCCP was the lender. Developed by Rechler in three phases between 2016 and 2020, Greybarn is located at 805 Broadway in Amityville on Long Island’s South Shore. It features 335 apartments, comprising 269 market-rate units and 66 workforce units reserved for households earning up to 80 percent of area median income. The property also includes 37,737 square feet of ground-floor retail space, occupied by tenants including Starbucks and True North Urgent Care. Amenities feature a pool, fitness center, private workspaces, resident lounge and community garden.
Plainview, N.Y.-based Rechler Equity Partners has refinanced Greybarn Amityville, a 335-unit property in Amityville, N.Y., that Rechler developed over three phases beginning in 2016.
JLL Arranges $154.3M Refinancing for Rechler Equity Partners’ Greybarn Amityville
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