Updated May 4, 2026
Leon Goldenberg Secures $8.2M Refinance For 26-Unit Multifamily Building In Far Rockaway
22-25 New Haven Avenue
$8,200,000
Units
26
Asset Type
MultiFamily
Closing
Apr 17, 2026
About this deal
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.
On the Map
$8,200,000
MultiFamily
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Players
New York MultiFamily Market Snapshot
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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