Rabsky Group recently closed on $450 million in construction financing to complete 625 Fulton Street, a mixed-use high rise building in Downtown Brooklyn. Financing is provided by Madison Realty Capital and was negotiated by Galaxy Capital.
Madison Realty Capital
Demo permits have been filed for 14 Fifth Avenue in Manhattan’s Greenwich Village, the site of a planned 19-story residential tower designed by Robert A.M. Stern Architects and Hill West. Located between East 8th Street and East 9th Street with 52 feet of frontage along Fifth Avenue, the property is currently occupied by a four-story residential building with 20 units. Madison Realty Capital is listed as the owner behind the application, after purchasing the 5,255-square-foot site for $27.5 million in 2015.
The Landmarks Preservation Commission will tomorrow review proposals from Madison Realty Capital to construct a new 19-story condominium building at 14-16 Fifth Avenue. Designed by Robert A.M. Stern Architects with Hill West, the tower would eventually house 20 units, but will first need a Certificate of Appropriateness from the voting commissioners.
Arch Companies and AB Capstone have secured $106 million in construction financing from Madison Realty Capital for a mixed-use tower at 3-50 St. Nicholas Avenue in Ridgewood, Queens. Located on the North Brooklyn-Queens border, the 17-story building will debut as one of the tallest in the area.
YIMBY has word that The Joe Tirone Team, an affiliated brokerage group under the Compass umbrella, completed the sale of three adjoining lots that were identified as “Projected Development Site 2” in a proposal to City Planning by Madison Realty Capital late last year. That parcel was envisioned to give rise to a 117,848-square-foot, mixed use building. Madison owns, and will develop, “Projected Development Site 1” in their River North proposal, a multi-faceted mixed-use complex under city review that was formerly known as Liberty Towers, in Staten Island‘s St. George neighborhood.