Josh Zegen Of Madison Realty Capital Secures $104.8 Million Refinance For Rego Park Multifamily

The asset is a 419-unit multifamily building located at 62-60 99th Street in Rego Park, Queens, encompassing a total square footage of 503,000. The property was refinanced with a total loan amount of $104.8 million.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $104,800,000
• Address: 62-60 99th Street
• Market: Rego Park, Queens
• Lender: Community Preservation Corporation (CPC) & Jeff T. Blau - Related Companies
• Landlord: Josh Zegen - Madison Realty Capital
• Loan Type: Refinance
• Units: 419
• Asset Size: 503,000 SF

This transaction involved Madison Realty Capital, through 62-60 99th Street Owner II LLC, as the landlord for the property, securing a refinance from Community Preservation Corporation and Related Companies via Sig RCRS D Mf 2023 Venture LLC.