Simon Dushinsky

Last updated
Simon Dushinsky
Born1972 (age 51–52)
Israel
OccupationReal Estate Developer
Known forco-founder of the Rabsky Group
Spousemarried
Childrenseven

Simon Dushinsky (born 1972) is an American real estate developer who co-owns the New York City-based Rabsky Group with his partner, Isaac Rabinowitz.

Contents

Biography

Dushinsky was born and raised in Israel and belongs to the Vizhnitz Hasidic Jewish community in Williamsburg, Brooklyn. [1] Dushinsky co-founded The Rabsky Group with Isaac Rabinowitz in the early 1990s and focused on developing condominiums for the Hasidic community. In 2002, he completed his first major development, a $40 million, six-building Park Plaza condo complex for Hasidic residents. [1] In 2007, The Rabsky Group purchased a 50 percent stake in six industrial buildings owned by the Chetrit Group (founded by Joseph Chetrit) for $4 million. [1] His firm lead the redevelopment of the buildings due to their familiarity with the neighborhood. [1] As of 2015, his firm is working on several large projects in New York City including a 500-unit Bushwick rental building which is part of the Rheingold Brewery redevelopment [2] [3] [4] with 200 affordable housing units. [5] [6] a 777-unit rental building in Bedford-Stuyvesant on the former Pfizer Corporation site; [1] [7] [8] and a 44-story, 400-unit residential rental building in Long Island City, Queens. In 2015 - in his first non-residential venture - he is partnering with Toby Moskovits’ Heritage Equity Partners to build a 400,000-square-foot office building in Williamsburg. [1]

Dushinsky is currently focused on attracting young renters to Bushwick, Brooklyn which he sees as the next development hotspot. [1] Along with fellow Hasidic developers Joseph Brunner, Isaac Hager, Yoel Goldman, and Joel Schreiber he is one of the most prominent developers in Brooklyn [9] [10] [11] credited with helping to gentrify Williamsburg, Bushwick, Greenpoint, Borough Park, and Bedford-Stuyvesant. [10]

Personal life

Dushinsky is known for being very private and modest. [1] He is married with seven children. [1] He has made political donations to the campaigns of Melinda Katz, David Yassky, and former City Council Speaker Gifford Miller. [1]

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References

  1. 1 2 3 4 5 6 7 8 9 10 The Real Deal: "The Rabsky riddle - Firm head Simon Dushinsky is building more Brooklyn apartments than almost anyone, but public sightings are still rare" by Mark Maurer May 01, 2015
  2. ↑ Crain's New York: "Rheingold Beer site picks up new investor - Armed with profits from the sale of two Brooklyn properties, a big landlord throws the proceeds into a planned 1,000-unit residential project that will replace a property owned by the famous brewery" By Daniel Geiger August 15, 2014
  3. ↑ Curbed New York: "ODA Designs Jagged Donut Building For Huge Bushwick Project" by Zoe Rosenberg March 20, 2015
  4. ↑ The Real Deal: "Revealed: Simon Dushinsky’s Rheingold Brewery project ODA-designed 10 Montieth Street features nearly 400 units, 25K sf green rooftop" By Rich Bockmann March 19, 2015
  5. ↑ New York Daily News: "Developer wants to bring futuristic zigzag green roof to Bushwick brewery site" by Catherine Clark March 19, 2015
  6. ↑ Village Voice: "At Former Rheingold Site in Bushwick, a Battle Brews Over Affordable Housing and Gentrification" by Neil deMause August 25, 2015
  7. ↑ Crain's New York: "60-story towers? Yes, please - But the prospect of more affordable housing triggers a spat among neighbors" by Joe Anuta March 22, 2015
  8. ↑ The Real Deal: "Rabsky Group proposes Williamsburg housing complex - The real estate firm wants to build a series of 10-story towers on a plot where three neighborhoods converge" March 22, 2015
  9. ↑ "LISTEN: TRD talks Hasidic real estate empire on WNYC: Ultra-Orthodox investors poured $2.5B into prime Brooklyn real estate". The Real Deal. August 26, 2016.
  10. 1 2 Maurer, Mike (August 22, 2016). "Learning and earning: Hasidic Brooklyn's real estate machers: Investors from ultra-Orthodox sect have spent $2.5B+ in 5 areas over past decade: TRD analysis". The Real Deal.
  11. ↑ Weinberger, Shimon (August 24, 2016). "Chassidic Developers Dominate Brooklyn Real Estate Scene". Jewish Voice.
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