Rabsky Group Secures 228 Million Refinance For Gowanus Multifamily With Affinius Capital As Lender
395 Carroll Street & 323 Bond Street
$228,000,000
$63/SF
Building Size
3,617,272 SF
Asset Type
MultiFamily
Closing
Jul 25, 2025
AI
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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.07%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93