Rabsky to offer 99 condos in South Williamsburg for $54M

Project slated for completion within six months: sources

New York /
Jul.July 21, 2015 08:00 AM

Simon Dushinsky’s Rabsky Group is planning a 99-unit condominium building in South Williamsburg, according to plans filed with the Attorney General’s office.

Located at 756 Kent Avenue, also known as 82-88 Wallabout Street, the project has a total sellout of $54.4 million, according to a summary of the plan reviewed by The Real Deal. It is being marketed to Orthodox Jewish families and feature four bedrooms each, sources said. The project is slated for completion in the next six months and Rabsky plans to handle sales in-house.

The developer did not immediately return a call seeking comment. Rabsky paid $11.575 million for the property in 2012, property records show.

Dushinsky, one of the most active developers in Brooklyn, is also part of the development team working to convert Bushwick’s Rheingold Brewery into a massive rental project with nearly 1,000 units.

And the developer wants to build a pair of apartment buildings on the former Pfizer site at the edge of Bedford-Stuyvesant, which it bought for $12.8 million in 2012. Rabsky filed an application to rezone 249 and 334 Wallabout, which would hold two buildings with 662 market-rate units, 155 affordable units and 32,000 square feet of retail.

In addition to Rabsky’s plans at 756 Kent, the developer recently filed a pair of offering plans for condominiums at 376-80 and 382 Wallabout. According to the attorney general’s website, 376-80 Wallabout will have 18 units and a sellout of $10.6 million and 382 Wallabout will have six units with a sellout of $3.3 million.

Mark Maurer contributed reporting.


Related Articles

arrow_forward_ios
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
Rabsky Group buying Gowanus parcel from Yoel Goldman for $95M: sources
Naftali Group's Mika Naftali, Len Blavatnik and 470 Kent Avenue (Naftali Group, Google Maps, Mark Neyman / Government Press Office/CC BY-SA 3.0/via Wikimedia Commons)
Naftali, Blavatnik land $385M for big Williamsburg resi project
Naftali, Blavatnik land $385M for big Williamsburg resi project
Madison Realty's Josh Zegen with plans for 159 Broadway (LinkedIn, Rosewood Realty Group, The Corbin Group)
Madison Realty to take control of Isaac Hager’s Williamsburg hotel project
Madison Realty to take control of Isaac Hager’s Williamsburg hotel project
Quay Tower at 50 Bridge Park Drive in Brooklyn Heights and 122 Congress Street in Cobble Hill (StreetEasy, Google Maps)
Quay Tower tops Brooklyn luxury contracts once more
Quay Tower tops Brooklyn luxury contracts once more
153 Columbia Heights and 50 Bridge Park Drive #15B in Brooklyn (Zillow, Streeteasy, Getty)
No Halloween scares as $11M townhouse leads Brooklyn luxury market
No Halloween scares as $11M townhouse leads Brooklyn luxury market
667 Kent Avenue and 25 Hooper Street in Williamsburg (Google Maps, Getty)
Nap Industries’ Williamsburg warehouses sale tops mid-market deals
Nap Industries’ Williamsburg warehouses sale tops mid-market deals
From left: Hutton Capital's Ron Friedman, BridgeCity’s Allan Lebovits, Toby Moskovits, and Heritage Partners' Michael Lichtenstein along with 225-227 Grand Street in Brooklyn (Getty, Google Maps, Hutton Capital, BridgeCity, Heritage Partners)
Moskovits, Lichtenstein lose another Williamsburg property to bankruptcy
Moskovits, Lichtenstein lose another Williamsburg property to bankruptcy
The William Vale hotel in Williamsburg (The William Vale, Getty)
Judge slams door on Weiss’ comeback attempt for William Vale
Judge slams door on Weiss’ comeback attempt for William Vale
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...