David Goldberger Secures $24.3 Million Refinance Loan From Popular Bank For 68-Unit Multifamily Building
172-02 Hillside Avenue
$24,300,000
$469/SF
Building Size
51,713 SF
Asset Type
MultiFamily
Closing
May 29, 2026
AI
A refinancing loan was secured for a multifamily residential building located at 172-02 Hillside Avenue in Jamaica, Queens. The property spans 51,713 square feet and contains a total of 68 units. The loan was provided by Popular Bank.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $24,300,000
- Address: 172-02 Hillside Avenue
- Market: Jamaica, Queens
- Lender: Popular Bank
- Landlord: David Goldberger
- Loan Type: Refinance
David Goldberger’s Hillside Residents LLC is the entity that secured the refinancing loan for the property involved in this transaction. The arrangement marks a significant financial step for the landlord in managing the multifamily asset.
Players
Huntington MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.65%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93