JLL Capital Markets has arranged a $154.25 million refinancing for Greybarn Amityville, a mixed-use residential property in Amityville, New York, owned by Rechler Equity Partners. JLL arranged the financing through PCCP LLC, a commercial real estate debt and equity investment manager.
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, as well as 37,737 square feet of ground-floor retail space, occupied by tenants including Starbucks and True North Urgent Care. Residential amenities include a swimming pool, fitness center, private workspaces, resident lounge and community garden.
The JLL Capital Markets team representing Rechler Equity Partners was led by Senior Managing Directors Peter Rotchford and Andrew Scandalios and Director Clayton Ross.
“Lenders are looking closely at how a multifamily property performs today and at the owner’s ability to keep it competitive over time,” said Rotchford. “Greybarn brought together established residential demand, a strong amenity offering and an owner that developed and continues to manage the property, all factors that helped us secure substantial financing in a market where lenders remain selective.”
Vice President of PCCP, PJ Finley, added “PCCP is pleased to lend to Rechler Equity Partners, a local operator with extensive experience in the market. The Long Island housing market is characterized by low levels of new supply and high incomes, which PCCP expects will benefit the Property during the loan term.”
Situated near the Amityville and Copiague Long Island Rail Road stations, Greybarn Amityville is a fully stabilized property in a submarket with a limited apartment construction pipeline. In Southwestern Suffolk, no multifamily projects of 50 or more units were under construction as of the first quarter of 2026, following a decade in which the submarket added an average of 417 units a year. According to JLL, zoning makes new supply difficult to build and development of three or more homes is permitted as of right on just 3.6% of Long Island’s land area.
