Sky Equity Gets $340M for Gowanus Project

Sky Equity Group secured a $340 million loan from Affinius Capital to refinance the remaining construction on a multifamily rental complex in Gowanus.

The loan will allow the builders to finish construction and lease the 603-unit, mixed-use complex at 313 Bond St, Commercial Observer first reported. Terms of the refinancing were not disclosed.

Sky Equity is reportedly affiliated with Simon Duchinsky’s Rabsky group; the loan for the project replaces Rabsky’s existing $286 million construction loan that G4 Capital provided last year. G4 also provided a $92 million pre-development loan in 2022. Rabsky bought the site for $95 million from Yoel Goldman in 2019.

Henry Bodek of Galaxy Capital arranged the financing.

Rabsky is one of Brooklyn’s biggest developers, and recently expanded to Florida with approvals for three buildings in Fort Lauderdale.

Two weeks ago, Affinius refinanced a $280 million loan on one of New York City’s most prominent film studios, Silvercup Studios, along with Hackman Capital Partners. The investment also provided a $92 million construction loan for a Fort Lauderdale apartment building in June, and in May announced a $54.7 million preferred equity investment in a Los Angeles multifamily development.

Steps from the Gowanus Canal, 313 Bond spans two buildings with 149 studios, 313 one-bedrooms and 141 two-bedrooms, with more than 50% of the units boasting private terraces. It also houses 51,600 square feet of retail space on the ground floor.

The luxury development is one of several that capitalized on a 2021 rezoning in Gowanus, which opened the door for 8,500 new units of housing.

“313 Bond represents a defining development in Gowanus, setting a new standard through best-in-class design, amenities, and location,” Affinius Capital Senior Vice President Perry Katz said. “We’re grateful to have closed this deal with Sky Equity Group and look forward to collaborating on many more projects ahead.”

— Quinn Waller