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22-25 New Haven Avenue

Leon Goldenberg Secures $8.2M Refinance For 26-Unit Multifamily Building In Far Rockaway
FINANCEDMultiFamily

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

FourLeaf Federal Credit Union
FourLeaf Federal Credit UnionLender

Leon Goldenberg

Landlord

$26.9M

vol

5 deals

Landlord

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