Rabsky Group lands $200M refi for 500-unit Bushwick building

Package from Berkadia Commercial Mortgage includes a roughly $62M mortgage

New York /
Aug.August 20, 2019 01:00 PM
The Rheingold at 10 Montieth Street in Bushwick (Credit: StreetEasy)

The Rheingold at 10 Montieth Street in Bushwick (Credit: StreetEasy)

Rabsky Group has received a refinancing package worth more than $200 million for its 500-unit residential building in Bushwick.

Berkadia Commercial Mortgage provided the developer with financing for its project at 10 Montieth Street on the Rheingold Brewery site, according to property records filed with the city Tuesday. The multifamily building is known as The Rheingold, and rents at available apartments range from $2,250 for a studio to $3,707 for a two-bedroom, according to StreetEasy.

The refinancing package includes a roughly $62.4 million mortgage.

Representatives for Rabsky Group and Berkadia did not respond to requests for comment.

Rabsky Group recently closed on purchasing 313-331 Bond Street in Gowanus from All Year Management for $95 million. All Year itself also recently received a $235 million senior loan from JPMorgan and Mack Real Estate Group for the second phase of the Rheingold Brewery project at 123 Melrose Street.


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
375 Johnson Ave (Google Maps)

Netflix landlord in Bushwick snaps up property across street

Netflix landlord in Bushwick snaps up property across street
Denizen Bushwick at 54 Noll Street (Photos via Denizen Bushwick)

All Year nears $650M financing for Bushwick luxury rentals

All Year nears $650M financing for Bushwick luxury rentals
Toby Moskovits, Fortress managing director Spencer Garfield and the 215 Moore Street Site (Moskovits by Sasha Maslov)

Toby Moskovits’ Bushwick Generator thrown into receivership

Toby Moskovits’ Bushwick Generator thrown into receivership
1300 Flushing Avenue (Google Maps)

Bushwick office building trades for $44M, sign of life for i-sales market

Bushwick office building trades for $44M, sign of life for i-sales market
From left: 417 Suydam Street and 818 Woodward Avenue (Credit: Google Maps)

Sellers used pandemic, Passover to default buyer: lawsuit

Sellers used pandemic, Passover to default buyer: lawsuit
Taxes would rise for owners of Manhattan mansions and penthouses, but the biggest shock would be on homeowners in Brooklyn neighborhoods (Credit: Pixabay)

City’s property tax overhaul would increase burden for single-family homeowners

City’s property tax overhaul would increase burden for single-family homeowners
Caught up in a dozen recent lawsuits, Brooklyn developer Toby Moskovits blames her firm’s debt troubles on “collusion” and a “personal vendetta” (Illustration by The Real Deal; Moskovits by Sasha Maslov)

Creditors are banging on Toby Moskovits’ door

Creditors are banging on Toby Moskovits’ door
arrow_forward_ios

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

Loading...