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
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