Rabsky Group obtained financing of $52M from Sterling National Bank

Rabsky Group through the entity President Union LLC as borrower signed a loan agreement with lender Sterling National Bank valued at $52.0 million for 7 parcels, including the tax class licensed parking lot (G6) at 319 Bond Street, 327 Bond Street, 383 Carroll Street, and others in Gowanus. The deal closed on August 12, 2019 and was recorded on August 19, 2019.
The property contains a total of 149,021 square feet of built space. The property has 130,946 square feet of available development rights.
The average loan per buildable square foot is $349.

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

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