2902 Albemarle Road

Owner: Madison Realty Capital

Acquired: October 22, 2025, $70 million

Debt: October 22, 2025, $25.2 million

Built: 2015

Renovated: 2014

SF: 86,099

Dwelling units: 93

No. of buildings: 1

Class: Fireproof – With Stores (D6)

Floors: 6

Legacy BBLs: 3051310001

Transactions:

• Madison Realty Capital borrowed $25.2 million from Northeast Bank for N/A Nostrand Avenue and 1580 Nostrand Avenue, East Flatbush, Brooklyn on October 22, 2025.

• Hello Living sold N/A Nostrand Avenue and 1580 Nostrand Avenue, East Flatbush, Brooklyn for $70 million to Madison Realty Capital on October 22, 2025.

• Madison Realty Capital on May 03, 2024 bought a loan with an original principal of $71.3 million from 35 Oak Holdings, signed by Michael Wiener, secured by 1580 Nostrand Avenue, East Flatbush, Brooklyn, when owned by 35 Oak Holdings.

• Arch Companies on May 06, 2022 bought a loan with an original principal of $71.3 million from Madison Realty Capital, signed by Brian Shatz, secured by 1580 Nostrand Avenue, East Flatbush, Brooklyn, when owned by Hello Living.

• Hello Living borrowed $8.3 million from Madison Realty Capital for 1562 Nostrand Avenue, Flatbush, Brooklyn on October 14, 2020.