facebook
Traded Co logo
Submit a Deal
625 Fulton Street
FINANCED

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

625 Fulton Street

MultiFamily
clock iconFinanced 39 days ago
the dealplayerscompscontact
share iconContact now

Summary

Loan
NEW YORK
MultiFamily

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.

Players

  • All

    3

  • Agents

    1

  • Agencies

    1

  • Lenders

    1

Henry Bodek's profile picture
Henry Bodek
Galaxy Capital-image
Broker
$537.3M Sold

Details

Deal Summary
minus icon
FINANCED
IMAGE: Josh Zegen & Brian Shatz DATE: 06/04/2024 ADDRESS: 625 Fulton Street MARKET: Brooklyn ASSET TYPE: Multifamily ~ UNITS: 1,098 LENDER: Adam Tantleff, Brian Shatz & Josh Zegen (@JZegen) - Madison Realty Capital (@MadisonRealtyCapital) LANDLORD: Simon Dushinsky & Isaac Rabinowitz - Rabsky Group BROKER: Henry Bodek (@Henry_Bodek) - Galaxy Capital LOAN AMOUNT: $485,000,000 LOAN TYPE: Recapitalization NOTE: Madison Realty Capital provided a $485 million loan to Rabsky Group to recapitalize 625 Fulton Street, a 35-story, 1,098-unit multifamily project in Downtown Brooklyn nearing completion this year. 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.

View on map

Loading...

Address625 Fulton Street

Comparables

No listingsThis user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want