Rabsky Group Refinances Williamsburg Office Building At 103 North 13th Street For $32M
103 North 13th Street
$32,000,000
$509/SF
Building Size
62,779 SF
Asset Type
Office
Closing
Jun 5, 2026
About this deal
AI
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.
On the Map
$32,000,000
$509/SF
Office
View full map
Players
North Office Market Snapshot
Boundary boundary · Office · Loan transactions
Loading comparables…
Deal FAQ
Visit Simon Dushinsky to view all their deals.
Browse New York office loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93