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Rabsky Group Secures 228 Million Refinance For Gowanus Multifamily With Affinius Capital As Lender
FINANCED
$228,000,000
New York
See Similar DealsMultiFamily3,617,272 SF
Financed 07/25/2025
FINANCED
Rabsky Group Secures 228 Million Refinance For Gowanus Multifamily With Affinius Capital As Lender
395 Carroll Street & 323 Bond Street
See Similar DealsMultiFamily3,617,272 SF
Financed 07/25/2025
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.
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Deal Type
30 years
10 years
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
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