945 Bergen Street

Brooklyn developer Simon Dushinsky’s Rabsky Group acquires the troubled Nassau Brewing redevelopment at 945 Bergen Street in Crown Heights for $18.8 million in a bankruptcy auction. Originally purchased by Fabian Friedland’s Crow Hill Development in 2014 for $17.5 million, the project stalled due to mismanagement and financial issues. Churchill Real Estate injected $5 million but later filed for bankruptcy, citing mismanagement by Friedland. With Dushinsky’s purchase, the project’s future is uncertain, leaving little to pay off the $17 million mortgage held by Valley National Bank. Dushinsky, known for projects like 10 Montieth Street, is one of Brooklyn’s most active developers.