{"id":282832,"date":"2026-06-30T21:38:15","date_gmt":"2026-06-30T21:38:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/282832\/"},"modified":"2026-06-30T21:38:15","modified_gmt":"2026-06-30T21:38:15","slug":"charney-companies-buys-143-roebling-street-in-williamsburg-for-20m-commercial-observer","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/282832\/","title":{"rendered":"Charney Companies Buys 143 Roebling Street in Williamsburg for $20M \u2013 Commercial Observer"},"content":{"rendered":"

Prolific developer Charney Companies<\/a> has acquired a historic residential building in Williamsburg, Brooklyn, Commercial Observer has learned.<\/p>\n

Charney bought 143 Roebling Street, a five-story, 49-unit loft and rental property in Williamsburg, from Los Angeles-based institutional lender Calmwater Capital<\/a> for $20 million, according to the buyer.\u00a0<\/p>\n

SEE ALSO: MetLife Forecloses on Upper East Side Grocery Retail Condominium<\/a><\/p>\n

Charney intends to restore the building, which has been vacant for several years. Built in 1907, 143 Roebling has served as both a residential and retail property and once housed the popular Roebling Tea Room.\u00a0<\/p>\n

\u201cWe are very excited to be taking over ownership for this building and know local residents will be as well,\u201d Justin Pelsinger, chief operating officer for Charney, said in a statement. \u201cWe are looking forward to restoring and modernizing this neighborhood gem to better serve Brooklynites for generations to come.\u201d<\/p>\n

BH3 Fund Advisors<\/a> provided $30 million in financing for the acquisition, predevelopment and planning of the project.<\/p>\n

\u201cCharney has a history of delivering exceptional projects in Brooklyn and beyond, and this asset is now in the hands of a sponsorship team capable of unlocking its potential after being dormant for the better part of a decade,\u201d Adam Falk, principal and co-portfolio manager at BH3, said in a statement. \u201cCharney\u2019s track record, coupled with BH3\u2019s experience in New York City, will help ensure the property catches up to the surrounding neighborhood.\u201d<\/p>\n

Calmwater Capital, previously a lender to former 143 Roebling owner RedSky Capital<\/a>, took over the building at the corner of Metropolitan Avenue through a deed in lieu of foreclosure transaction in January 2022 valued at $82.7 million, property records show<\/a>.<\/p>\n

Calmwater Capital was represented in the new deal by Ethan Stanton, Brendan Maddigan and Michael Mazzara from JLL<\/a>. The brokerage firm worked directly with Charney Companies. JLL did not immediately respond to CO\u2019s request for comment.\u00a0<\/p>\n

Founded in 2013, Charney Companies has a diverse portfolio as a development, brokerage and management firm. Charney is currently partnered with Tavros on the development of Gowanus Wharf<\/a>, a four-building rental campus in Brooklyn meant to bring over 2,000 new units to the transforming area.\u00a0<\/p>\n

Amanda Schiavo can be reached at aschiavo@commercialobserver.com<\/a>.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Prolific developer Charney Companies has acquired a historic residential building in Williamsburg, Brooklyn, Commercial Observer has learned. Charney…\n","protected":false},"author":2,"featured_media":282833,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[108450,108451,18455,18457,2664,49415,75153,9,24,63,122,124,123],"class_list":["post-282832","post","type-post","status-publish","format-standard","has-post-thumbnail","category-queens","tag-143-roebling-street","tag-adam-falk","tag-brendan-maddigan","tag-ethan-stanton","tag-investments-sales","tag-justin-pelsinger","tag-michael-mazzara-channel","tag-new-york","tag-new-york-city","tag-nyc","tag-queens","tag-queens-headlines","tag-queens-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/282832","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=282832"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/282832\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/282833"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=282832"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=282832"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=282832"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}