Yitzchok Katz’s Goose Property Management snagged a $98 million refinancing for its Long Island City rental projects.
Goose, a partner of the better known, Brooklyn-based Rabsky Group, secured the financing from Affinius Capital for properties at 31-17 & 32-03 39th Avenue, according to property records.
Henry Bodek of Galaxy Capital arranged the financing.
The multifamily projects sit on two lots across the street from each other. The two buildings total 193 units and more than 200,000 square feet.
Goose bought the properties in 2022 for close to $29 million from a nonprofit organization that works with people who have developmental disabilities. One site was home to an adult day-care.
The new refinancing replaces a $74 million construction loan from G4 Capital.
Goose has landed a few big loans in Brooklyn in a tough financing market, including $100 million this year secured by two properties, a Boerum Hill development site and a project in Williamsburg.
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The Rabsky riddle
Goose and Rabsky Group have the same Flushing Avenue address, and in 2021 Goose was managing 10 Rabsky buildings with 1,500 apartments. Katz’s father-in-law is Rabsky partner Isaac Rabinowitz, sources have said.
Rabsky is among the most active Brooklyn developers. Led by Shimon Dushinsky, the group is building one of the biggest projects in the borough, a 1,098-unit rental at 625 Fulton Street in Downtown Brooklyn.