Rabsky Group borrows $35M from Berkadia Commercial Mortgage for property in Williamsburg

Rabsky Group through the entity North Plaza Owner LLC as borrower signed a loan agreement with lender Berkadia Commercial Mortgage which was assigned to Freddie Mac valued at $35.1 million for 1 parcel, including the tax class multifamily, fireproof (standard construction without stores) (D3) and containing 64 residential units at 208 North 10th Street in Williamsburg. The deal closed on April 27, 2020 and was recorded on May 1, 2020.
The property contains a total of 73,850 square feet of built space.
The average loan per unit is $548,047.
The prior loan was for $34.5 million from Signature Bank.

Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link