Capstone Equities Secures $43 Million Refinance From Goldman Sachs For Franklin Avenue Plaza
1205 Franklin Avenue, 1205–1325 Franklin Avenue, Garden City, Ny & 1325 Franklin Avenue, #1205
$43,000,000
Building Size
—
Asset Type
Office
Closing
Nov 2, 2026
About this deal
AI
The asset involved in this transaction is a four-building office complex located at 1205–1325 Franklin Avenue in Garden City. This office complex has a total area of 488,835 square feet and has secured a refinancing amount of $43 million.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $43,000,000
- Lender: Goldman Sachs
- Landlord: Capstone Equities
- Brokers: Daniel Fromm, Ryan Bub & Stavros Giannakopoulos - Newmark
The refinancing was facilitated by Capstone Equities, which engaged Goldman Sachs in this financial transaction for the Franklin Avenue Plaza. The transaction highlights the collaboration among key figures, including representatives from Newmark, who played a vital role in the deal process.
On the Map
$43,000,000
Office
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Players
Garden City Office Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93