Wells Fargo lends $20.8M on 193 Fort Greene apartments
The borrower is the same LLC that sat on Wells Fargo's $97.2M loan in June 2024. The new mortgage is a separate recorded document.
Wells Fargo has a new $20,825,000 mortgage on four Fort Greene apartment buildings, recorded Oct. 8 and signed Sept. 25 by Tri-Block FTG LLC, according to the city’s property records.
Why it matters
The four lots are 80 Greene Avenue, 221 Ashland Place, and 33 and 53 St. Felix Street. The city’s lot data puts them at 193 apartments and 151,846 building sq ft, with the owner listed as FT Greene TB Housing Development Fund Corporation, a housing development fund company. We could not trace a named sponsor behind the LLC from the recorded documents, so no firm is named here.
What is traceable is the lender relationship. Tri-Block FTG LLC, alongside Clermont FTG LLC, was a borrower on a $97,154,000 Wells Fargo mortgage recorded June 26, 2024, the same day as a $35,000,000 deed on 80 Greene Avenue. That 2024 mortgage was later assigned to Freddie Mac. We did not confirm whether the new loan replaces, adds to or sits beside it, so treat it as new debt on the same collateral family.
For a developer or broker pricing Brooklyn multifamily, the useful read is the basis. The loan works out to about $137 per building sq ft and $107,902 per apartment. That is a lender’s exposure, not a sale price or appraisal.
The numbers
- Mortgage: $20,825,000, Wells Fargo Bank, N.A., recorded Oct. 8, 2026.
- Collateral: four lots, 193 apartments, 151,846 building sq ft (97 units and 71,470 sq ft at 80 Greene Avenue; three 32-unit buildings on Ashland Place and St. Felix Street).
- Per building sq ft: $137 ($20,825,000 / 151,846). Per apartment: $107,902.
- 2024 comparison: $35,000,000 deed and $97,154,000 mortgage, both recorded June 26, 2024.
- Recent work: a 2025 interior renovation filing at 80 Greene Avenue (kitchens, bathrooms, common spaces) lists an initial cost of about $2.46 million, with no change to use or units.
What’s next
Watch for a satisfaction or assignment against the 2024 mortgage, which would show whether this is a refinance. A new DOB filing on any of the four lots would signal a capital plan behind the loan. Our New York coverage tracks the follow-up recordings as they post. For another recent Fort Greene recording, see 680 Fulton Street, $17.5M deed.
On the record
What we checked ourselves, and where you can check it too.
- Public recordACRIS 2026100600073001, dated Sept. 25 and recorded Oct. 8, 2026, is a $20,825,000 mortgage from Tri-Block FTG LLC to Wells Fargo Bank, N.A. across four tax lots: 80 Greene Avenue, 221 Ashland Place, and 33 and 53 St. Felix Street.
- Our dataPLUTO lists the four lots at 193 apartments and 151,846 building sq ft, all owned by FT Greene TB Housing Development Fund Corporation, so the loan works out to about $137 per building sq ft and $107,902 per apartment.
- Public recordTri-Block FTG LLC and Clermont FTG LLC were co-borrowers on a $97,154,000 Wells Fargo mortgage recorded June 26, 2024 (2024062000460001), the same day as a $35,000,000 deed on 80 Greene Avenue (2024062000598001).
On the record
- Primary recordNYC ACRIS, 2026 mortgage 2026100600073001Mortgage, Tri-Block FTG LLC to Wells Fargo, $20,825,000
- Primary recordNYC ACRIS, 2024 deed 2024062000598001Deed recorded June 26, 2024, $35,000,000
- Primary recordNYC ACRIS, 2024 mortgage 2024062000460001Wells Fargo mortgage, $97,154,000
- Primary recordNYC Department of City Planning, PLUTO lot 301959002780 Greene Avenue: class D9, 97 units, 71,470 sq ft
- Primary recordNYC DOB NOW, job B01054345-P3Interior renovation filing at 80 Greene Avenue