Madison Realty Capital's Josh Zegen And Brian Shatz Secure $179.2M Refinance Loan For Greenpoint Multifamily

The transaction involves two multifamily residential buildings located at 75 Dupont Street and 65 Dupont Street in Greenpoint, Brooklyn. The total square footage of the properties is 503,787, encompassing 342 residential units. A loan amount of $179,200,000 was secured for refinancing these buildings.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $179,200,000
• Address: 75 Dupont Street & 65 Dupont Street
• Market: Greenpoint, Brooklyn
• Total Square Footage: 503,787
• Total Units: 342
• Lender: Josh Baumgarten & Adam Schwartz - TPG Angelo Gordon
• Landlord: Josh Zegen & Brian Shatz - Madison Realty Capital
• Loan Type: Refinance

The refinance transaction was executed by Madison Realty Capital, through Dupont Street Owner 2 LLC, securing the loan from TPG Angelo Gordon’s TPG Re Finance24, Ltd., which specifically pertains to the two residential buildings containing a combined total of 548 units.