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625 Fulton Street

Rabsky Group Secures $765 Million Refinance Loan From JP Morgan For 625 Fulton Street Multifamily
FINANCEDMultiFamily

Rabsky Group Secures $765 Million Refinance Loan From JP Morgan For 625 Fulton Street Multifamily

625 Fulton Street

$765,000,000

Building Size

Asset Type

MultiFamily

Closing

Mar 31, 2026

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.

Players

Henry Bodek

Galaxy Capital

Broker

$12.3B

vol

69 deals

Broker

Aaron Casden

Originator

$7.6B

vol

6 deals

Originator

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