Updated Apr 23, 2026
Rabsky Group Secures $765 Million Refinance Loan From JP Morgan For 625 Fulton Street Multifamily
625 Fulton Street
$765,000,000
Units
1,100
Asset Type
MultiFamily
Closing
Mar 31, 2026
About this deal
AI
The asset involved in this transaction is a multifamily property with 1,100 units located at 625 Fulton Street in Brooklyn. The refinancing loan amounts to $765,000,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $765,000,000
- Lender: JP Morgan
- Landlord: Rabsky Group
- Broker: Henry Bodek - Galaxy Capital
- Loan Type: Refinance
This transaction was facilitated by key individuals including Aaron Casden, Jamie Dimon, and Simon Dushinsky, who played significant roles in the loan arrangements and negotiations.
On the Map
$765,000,000
MultiFamily
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Players
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
0.02%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93