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625 Fulton Street

Rabsky Group Secures $70M Loan From Madison Realty Capital For 625 Fulton Street Multifamily
FINANCEDMultiFamily

Rabsky Group Secures $70M Loan From Madison Realty Capital For 625 Fulton Street Multifamily

625 Fulton Street

$70,000,000

$63,752/SF

Building Size

1,098 SF

Asset Type

MultiFamily

Closing

Apr 15, 2025

AI

The property asset involved in this transaction is a multifamily tower located at 625 Fulton Street in Brooklyn, encompassing 1,098 square feet. The total financing amount for this asset totals $555,000,000, which includes an original loan of $485,000,000 alongside an additional $70,000,000 secured by Rabsky Group from Madison Realty Capital.

Summary of transation details:

The deal involves prominent figures in the real estate industry, with Josh Zegen representing Madison Realty Capital as the lender. Simon Dushinsky and Isaac Rabinowitz are the landlords involved, both associated with the Rabsky Group, while Henry Bodek from Galaxy Capital acts as the broker facilitating the transaction.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker
Josh Zegen

Josh Zegen

Madison Realty Capital

Lender

$6.5B

vol

50 deals

Lender
Madison Realty Capital
Madison Realty CapitalLender
Simon Dushinsky

Simon Dushinsky

Rabsky Group

Landlord

$1.6B

vol

18 deals

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.23%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93