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

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:

• Property Type: Multifamily
• Transaction Amount: $555,000,000
• Address: 625 Fulton Street
• Market: Brooklyn
• Lender: Josh Zegen - Madison Realty Capital
• Landlord: Simon Dushinsky & Isaac Rabinowitz - Rabsky Group
• Broker: Henry Bodek - Galaxy Capital

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.