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Rabsky Group Secures 228 Million Refinance For Gowanus Multifamily With Affinius Capital As Lender

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FINANCED
$228,000,000

New York

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MultiFamily3,617,272 SF
Financed 07/25/2025
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FINANCED

Rabsky Group Secures 228 Million Refinance For Gowanus Multifamily With Affinius Capital As Lender

395 Carroll Street & 323 Bond Street

See Similar Deals
MultiFamily3,617,272 SF
Financed 07/25/2025
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$63
Total Square Footage:3,617,272 SF
Transaction Type:Loan

Three Gowanus properties totaling 1,820 units in Brooklyn comprise a multifamily asset, with addresses including 395 Carroll Street and 323 Bond Street. The asset encompasses 1,808,636 square feet of space. The transaction is a refinance loan of $228,000,000.

Summary of transation details:

  • Property Type: Multifamily
  • Units: 1,820
  • Building Size (SF): 1,808,636
  • Addresses: 395 Carroll Street; 323 Bond Street
  • Market: Gowanus, Brooklyn
  • Lender: Affinius Capital
  • Landlord: Simon Dushinsky - Rabsky Group
  • Loan Amount: $228,000,000
  • Loan Type: Refinance
  • Note: Rabsky Group, via President Union LLC, secured a $228M refi loan from Affinius Capital through SM Finance III LLC for three Gowanus properties totaling 1,820 units, including 323 Bond Street and 395 Carroll Street.

The deal's key people and entities include Rabsky Group's leadership under Simon Dushinsky, with financing arranged via President Union LLC and SM Finance III LLC, and Affinius Capital providing the loan.

Players

LENDER

Simon Dushinsky
16 deals$1.5B volume
LANDLORD

Details

FINANCED
IMAGE: Simon Dushinsky DATE: 07/25/2025 ADDRESS: 395 Carroll Street & 323 Bond Street MARKET: Gowanus, Brooklyn ASSET TYPE: Multifamily ~ SF: 1,808,636 ~ UNITS: 1,820 LENDER: Affinius Capital (@AffiniusCapital) LANDLORD: Simon Dushinsky - Rabsky Group (@RabskyGroup) LOAN AMOUNT: $228,000,000 LOAN TYPE: Refinance NOTE: Rabsky Group, via President Union LLC, secured a $228M refi loan from Affinius Capital through SM Finance III LLC for three Gowanus properties totaling 1,820 units, including 323 Bond Street and 395 Carroll Street.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$228,000,000.00

Monthly NOI$1,520,000.00
Monthly Debt Service$1,441,115.09
Change in Cash Flow$0.00
Refinance Proceeds$0.00