Leon Goldenberg Secures $8.2M Refinance For 26-Unit Multifamily Building In Far Rockaway
22-25 New Haven Avenue
$8,200,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 17, 2026
AI
The asset involved in this transaction is a multifamily building located at 22-25 New Haven Avenue in Far Rockaway, Queens. It features 26 units and was refinanced through a loan arrangement. The loan amount secured for this asset is $8,200,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Lender: FourLeaf Federal Credit Union
- Landlord: Leon Goldenberg
- Loan Type: Refinance
- Previous Debt: $7,500,000 from Valley National Bank
- Closing Date: April 17, 2026
- Recording Date: April 28, 2026
This transaction was facilitated by Leon Goldenberg through 22-25 New Haven LLC, marking a significant refinancing operation to replace existing debt. The involvement of FourLeaf Federal Credit Union as the lender highlights the financial dynamics surrounding this property.
Players
New York 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93