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Rabsky Group Refinances Williamsburg Office Building At 103 North 13th Street For $32M
FINANCED
$32,000,000
New York
See Similar DealsOffice62,779 SF
Financed 06/05/2026
FINANCED
Rabsky Group Refinances Williamsburg Office Building At 103 North 13th Street For $32M
103 North 13th Street
See Similar DealsOffice62,779 SF
Financed 06/05/2026
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$509
Total Square Footage:62,779 SF
Transaction Type:Loan
The property asset involved in the transaction is an office building located at 103 North 13th Street in Williamsburg, Brooklyn. The total square footage of the asset is 62,779. The landlord of the property is Simon Dushinsky, representing the Rabsky Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $32,000,000
- Lender: Cross River Bank
- Loan Type: Refinance
- Previous Lender: Deutsche Bank
- Original Facility Amount: $41,500,000
- Entity Involved: 103 North 13th Street LLC
This refinancing transaction replaces prior debt with a new loan from Cross River Bank, showcasing the financial maneuvers of Rabsky Group in managing its office building assets in the competitive Williamsburg market.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$32,000,000.00
Monthly NOI$213,333.33
Monthly Debt Service$202,261.77
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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