Trending
![Inside Brandon Miller’s real estate operation](https://static.therealdeal.com/wp-content/uploads/2024/07/What-Was-Brandon-Millers-Strategy-At-Real-Estate-Equities-f-150x106.jpg)
![Tatiana Pino now owns Century Homebuilders after Sergio Pino’s death, her attorney says](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_MIA_Tatiana-Pino-Century-Builders-Group-150x106.png)
![BREAKING: Sergio Pino allegedly hired two crews to murder his estranged wife, law enforcement reveals](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_MIA_Sergio-Pino-Tatiana-Pino-Update-150x106.png)
![Justice Department investigates California Realtors’ sales paperwork](https://static.therealdeal.com/wp-content/uploads/2024/07/ft_LA_DOJ-Probe-150x106.png)
Yoel Goldman sells majority stake in Gowanus dev site to Rabsky for $80M
All Year is retaining a 12.5% stake
![313-331 Bond Street in Gowanus (Credit: Google Maps and iStock)](https://static.therealdeal.com/wp-content/uploads/2019/08/1200-Yoel-Goldman-sells-majority-stake-in-Gowanus-dev-site-to-Rabsky-for-80M-.jpg)
Yoel Goldman’s deal to sell a Gowanus development site has closed, and it turns out Goldman’s All Year Management will be retaining a minority stake in the project.
The buyer, a partnership led by Rabsky Group, is paying $80 million and leaving a 12.5 percent stake to Goldman’s firm, according to a disclosure filed with the Tel Aviv Stock Exchange late Monday afternoon New York time.
The transaction has yet to be recorded in city property records, but a memorandum of contract from March shows that the deal covers six parcels between Bond Street and the Gowanus Canal at 313-331 Bond Street.
All Year acquired the site for $61 million last July, with a $46 million financing package provided by Centennial Bank and Sherwood Equities. The firm could not be reached for comment.
Simon Dushinsky and Isaac Rabinowitz’s Rabsky Group is a major player in Brooklyn real estate. In March, the developer secured a six-month extension on $100 million in past-due loans for a development site at 625 and 635 Fulton Street in Downtown Brooklyn, which it co-owns with Joel Gluck’s Spencer Equity.