Rabsky affiliate Goose Property signs $108.5M refi for new rental in Williamsburg

Goose Property Management through the entity Lorimer St Holdings LLC as borrower signed a refi loan with lender Apollo Global Management through the entity Athene Annuity And Life Company valued at $108.5 million for three properties including the property at 597 Grand Street in Williamsburg, Brooklyn.

There was a 134-unit, 93,259 square-foot residential (R-2) building submitted by Yitzchok Katz with plans filed February 3, 2022 and permitted April 4, 2022.
The deal closed on March 21, 2025 and was recorded on April 1, 2025. The prior lender was H.I.G. Capital which held debt that had an original loan amount of $80.2 million.
The signatory for Goose Property Management was Yitzchok Katz . The signatory for Apollo Global Management was Jeffrey Horowitz .

Because multiple properties have been transacted, some of the following sections will follow the property with the largest assessed value, which in this case, is the property on 597 Grand Street.

The property

PincusCo cannot determine the lot area of the 597 Grand Street parcel at this time.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the properties for the past 24 months. In addition, according to city public data, the properties have not received any significant violations in the last year.

The block

On the tax block of 597 Grand Street, PincusCo has identified the owners of four of the 15 commercial properties representing 23,405 square feet of the 75,813 square feet. The largest owner is Goose Property Management, followed by Manjula Mukhopadhyay and then Paul Pollak.

The borrower

The PincusCo database currently indicates that Goose Property Management owned at least 10 commercial properties with 344 residential units in New York City with 169,574 square feet and a city-determined market value of $25.8 million. (Market value is typically about 50% of actual value.) The portfolio has $259 million in debt, with top three lenders as Affinius Capital, H.I.G. Capital, and S3 Capital respectively. Within the portfolio, the bulk, or 41 percent of the 169,574 square feet of built space are industrial properties, with office properties next occupying 30 percent of the space. They are all located in Brooklyn.

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