Rabsky Group Refinances Williamsburg Office Building At 103 North 13th Street For $32M

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.