Madison Realty Capital Secures $285 Million Refinance Loan For Greenpoint Central Multifamily In Brooklyn
65 Dupont Street
$285,000,000
$861/SF
Building Size
330,696 SF
Asset Type
MultiFamily
Closing
Nov 24, 2025
AI
The property asset involved in the transaction is Greenpoint Central, located at 65-75 Dupont Street in Brooklyn. This multifamily asset features a total square footage of 330,696 and comprises 473 units, reflecting its significant scale within the market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $285,000,000
- Lender: TPG Real Estate Finance – Kunal Doshi
- Landlord: Madison Realty Capital – Josh Zegen & Samir Tejpaul
- Brokers: Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Dustin Stolly, Sean Reimer, Ari Hirt, Cole Grims & Nicholas Gilhooley - Walker & Dunlop
- Loan Type: Refinance
The deal showcases the collaboration of key individuals such as Kunal Doshi, who represents the lender, and Josh Zegen and Samir Tejpaul, who represent the landlord. The brokers involved in facilitating this transaction include notable figures from Walker & Dunlop, each playing a vital role in the successful completion of this refinancing deal.
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
0.06%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93