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Simon Dushinsky Of Rabsky Group Secures $555M Refinance For Multifamily Towers In Fort Greene

Property Image
FINANCED
$555,000,000
Simon Dushinsky
Josh Zegen

New York

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MultiFamily
Financed 04/11/2025
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Property Image
FINANCED

Simon Dushinsky Of Rabsky Group Secures $555M Refinance For Multifamily Towers In Fort Greene

12 Rockwell Place

See Similar Deals
MultiFamily
Financed 04/11/2025
Simon Dushinsky
Josh Zegen
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

The asset involved in this transaction is a multifamily property located at 12 Rockwell Place in Fort Greene, Brooklyn. The property consists of two newly built residential towers that total 1,102 units. The landlords are the Rabsky Group.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $555,000,000
  • Lender: Josh Zegen & Brian Shatz - Madison Realty Capital
  • Landlord: Simon Dushinsky - Rabsky Group
  • Loan Type: Refinance

This transaction involves key individuals from Madison Realty Capital, specifically Josh Zegen and Brian Shatz, who facilitated the refinance of the property. The refinancing included $430 million, which was recorded and later assigned to a PIMCO fund.

Players

Madison Realty Capital
Madison Realty Capital
LENDER
Josh Zegen
Madison Realty Capital
Josh Zegen
45 deals$5.9B volume
LENDER
Madison Realty Capital
Madison Realty Capital
LENDER
Simon Dushinsky
Simon Dushinsky
16 deals$1.5B volume
LANDLORD

Details

FINANCED
IMAGE: Simon Dushinsky, Josh Zegen & Brian Shatz DATE: 04/11/2025 ADDRESS: 12 Rockwell Place MARKET: Fort Greene, Brooklyn ASSET TYPE: Multifamily LENDER: Josh Zegen & Brian Shatz - Madison Realty Capital (@MadisonRealtyCapital) LANDLORD: Simon Dushinsky - Rabsky Group (@RabskyGroup) LOAN AMOUNT: $555,000,000 LOAN TYPE: Refinance NOTE: Rabsky Group refinanced two newly built Fort Greene residential towers totaling 1,102 units with $555M in debt from Madison Realty Capital, of which $430M was recorded and later assigned to a PIMCO fund.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$555,000,000.00

Monthly NOI$3,700,000.00
Monthly Debt Service$3,507,977.53
Change in Cash Flow$0.00
Refinance Proceeds$0.00