Rabsky Group

101 Varick Avenue

Developer Plans Mixed-Use Commercial Building At 101 Varick Avenue, East Williamsburg

The Rabsky Group is purchasing the single-story, 92,221 square-foot warehouse at 101 Varick Avenue, in East Williamsburg, for $48 million, with prospects to redevelop the 141,863 square-foot property into commercial space. A new office building could measure 280,000 square feet, and would include multiple tenants and ground-floor retail space, according to The Real Deal. The existing warehouse is currently being leased as warehouse, storage, and office space. The deal is expected to close in February.


41-20 27th Street

Reveal For 18-Story, 195-Unit Project At 41-20 27th Street, Long Island City

In February of this year, YIMBY reported on applications for a 15-story, 99-unit mixed-use building at 41-20 27th Street, in Long Island City, but now the developer, Rabsky Group, is planning to build an 18-story, 195-unit residential building, with a small 2,888 square-foot retail component on the ground floor. The Real Deal has renderings of the project, which is being designed by ODA Architecture. The building will measure 140,130 square feet, and its rental units will average 704 square feet apiece. Existing low-slung commercial buildings must first be demolished, and completion is expected in mid 2017.


625 Fulton Street

Rabsky Group To Acquire Large Development Site At 625 Fulton Street, DoBro

Over a year ago, Forest City Ratner placed their Downtown Brooklyn development site, at 625 Fulton Street, on the market, and now Rabsky Group has agreed to purchase the property for $158 million, according to Commercial Observer. The site contains 600,000 square feet of development rights, and a residential tower is most likely, although plans for the site remain undisclosed. Until last year, the site was home to a seven-story, 359,000 square-foot office building.



581 Fourth Avenue

The Daten Group Planning 12-Story, 65-Unit Condo Building At 581 4th Avenue, Park Slope

Late last year, YIMBY brought you news of Rabsky Group’s 12-story, 129-rental-unit building planned at 581 Fourth Avenue, in South Slope, and then renderings surfaced of the Karl Fischer-designed structure over the summer. Now, The Daten Group is paying $24 million for the assemblage, and the 12-story building will instead have 65 condominiums. Kutnicki Bernstein Architects is replacing Fischer, and demolition of the existing low-rise structures at 575-581 4th Avenue and 189-195 Prospect Avenue will begin in the fall. The original permits also included nearly 2,400 square feet of retail space. [The Real Deal]


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