Dvash Lefy pays $5.5M to Rabsky Group for resi rentals in Williamsburg

Dvash Lefy through the entity Dvash Lefy LLC paid $5.5 million to Rabsky Group through the entity Wallabout Realty Corp. for multiple residential rental apartment units at 342 Wallabout Street in Williamsburg, Brooklyn.
The deal closed on May 6, 2025 and was recorded on May 28, 2025. The apartments total 5,626 square feet on the third and fourth floors.
The signatory for Rabsky Group was an attorney, Daniel Cohen . The signatory for Dvash Lefy was Lipa Wollner. The contract date was August 12, 2024.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Dvash Lefy had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Rabsky Group purchased two properties in two transactions for a total of $76.4 million and sold four properties in four transactions for a total of $28.6 million over the same time period.

The block

On this tax block, PincusCo has identified the owners of five of the five commercial properties representing zero square feet of the zero square feet. The identified owner is Rabsky Group.
On the tax block, there were five new building construction projects totaling 672,317 square feet. The largest is a 120-unit, 159,860 square-foot residential (R-2) building submitted by Rabsky Group and filed by Rafael Rabinowitz with plans filed April 28, 2021 and permitted December 23, 2021. The second largest is a 60-unit, 133,619 square-foot residential (R-2) building submitted by Rabsky Group and filed by Rafael Rabinowitz with plans filed April 14, 2021 and permitted January 21, 2022.

All properties are specialty.

The seller

The PincusCo database currently indicates that Rabsky Group owned at least 37 commercial properties with 5,082 residential units in New York City with 2,206,205 square feet and a city-determined market value of $320.1 million. (Market value is typically about 50% of actual value.) The portfolio has $2.8 billion in debt, with top three lenders as Madison Realty Capital, Bank Leumi, and Apollo Global Management respectively. Within the portfolio, the bulk, or 82 percent of the 2,206,205 square feet of built space are elevator properties, with specialty properties next occupying 7 percent of the space. The bulk, or 81 percent of the built space, is in Brooklyn, with Queens next at 18 percent of the space.

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