85 Flatbush Avenue

NEW YORK CITY- Madison Realty Capital has closed on a $76 million financing package for 85 Flatbush Ave., a 12-story, 177,966-square-foot mixed-use property in Downtown Brooklyn. Financing includes an MRC senior loan and Bluestone Group mezzanine financing.

Loan closing came down to the wire for the repeat borrower that included a partnership of regional developers Isaac Hager and Lipa Rubin to complete the acquisition and cover all the transaction’s closing costs.

Mariah Brown

Mariah Brown is the New York Bureau Chief and Real Estate Reporter for GlobeSt.com, covering the New York Metro area, Northeast region and national real estate trends. She is responsible for producing multi-media content, including articles, podcasts and video. Before joining the GlobeSt team, she served as a New York Times fellow, reported for the Associated Press in New York and Philadelphia and several other New York City-based outlets.

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