Firm paid a meager $19M for the site in 2013
David Lichtenstein’s Lightstone Group has secured $210 million from Goldman Sachs to refinance its Gowanus rental building at 365 Bond Street, according to TRD. The property spans 323,193 SF, and contains 430 apartments (86 are affordable).
Financing breakdown: The new debt replaces a $120 million loan provided by Square Mile Capital last year, and provides an additional $90 million in financing.
Worth Noting: Lightstone paid $19 million to Toll Brothers for the site in 2013. The firm then decontaminated it under the state’s Brownfield Cleanup Program.