Madison Realty Capital Provides $53M Construction Loan For Heritage Equity Multifamily In Sunset Park

The construction loan for a multifamily property in Sunset Park has been secured by 875 4th Avenue. The loan amount of $53,000,000 will be provided by Madison Realty Capital, represented by Josh Zegen. The landlord, Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, will oversee the project. Elliot Kunstlinger from Meridian Capital Group acted as the broker in this transaction. The property comprises of 150 units and is located at 875 4th Avenue in Sunset Park.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $53,000,000
• Address: 875 4th Avenue
• Market: Sunset Park

Toby Moskovits and Michael Lichtenstein of Heritage Equity Partners are the key individuals in this deal. Madison Realty Capital's Josh Zegen represents the lender in the transaction. Elliot Kunstlinger from Meridian Capital Group served as the broker.