Madison Realty Capital Loans $485M To Rabsky Group For 625 Fulton St

The property at 625 Fulton Street in Brooklyn is a 35-story, 1,098-unit multifamily project. Madison Realty Capital provided a $485 million loan to Rabsky Group for the recapitalization of the project. The loan, brokered by Henry Bodek from Galaxy Capital, replaces $450 million in construction debt from 2021 and includes 30% affordable units and 26,000 square feet of retail space.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $485,000,000
• Lender: Adam Tantleff, Brian Shatz & Josh Zegen - Madison Realty Capital
• Landlord: Simon Dushinsky & Isaac Rabinowitz - Rabsky Group
• Broker: Henry Bodek - Galaxy Capital

Notably, Madison Realty Capital provided the sizable loan, while Rabsky Group, represented by Simon Dushinsky & Isaac Rabinowitz, serves as the landlord for the property at 625 Fulton Street. Henry Bodek from Galaxy Capital played a crucial role as the broker in facilitating the deal.