The Rabsky Group receives $450m loan for Brooklyn project
The Rabsky Group has received a $450 million loan to complete development of a 1,098-unit, 35-story multifamily and retail mixed-use property at 625–635 Fulton St. at the intersection of Flatbush Avenue in Downtown Brooklyn, N.Y.
“Downtown Brooklyn is an ever-expanding neighborhood, and new multifamily housing options, particularly of this caliber, will be quickly absorbed. We are glad to support a property under development that will offer significant affordable housing options and look forward to expanding our relationship with The Rabsky Group for additional projects that positively impact New York City,” said Josh Zegen, managing principal and co-founder of Madison Realty Capital, which provided the construction loan.
Brooklyn is New York City’s most populous borough and is home to one of the most diverse economies in the country. Proximity to major employment hubs and education centers have made Downtown Brooklyn one of New York City’s fastest growing re