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

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FINANCED
$8,200,000

New York

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MultiFamily
Financed 04/17/2026
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Property Image
FINANCED

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

22-25 New Haven Avenue

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MultiFamily
Financed 04/17/2026
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Loan

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 Union
LENDER
Leon Goldenberg
Leon Goldenberg
5 deals$26.9M volume
LANDLORD

Details

FINANCED
IMAGE: 04/17/2026 ADDRESS: 22-25 New Haven Avenue MARKET: Far Rockaway, Queens ASSET TYPE: Multifamily ~ UNITS: 26 LENDER: FourLeaf Federal Credit Union LANDLORD: Leon Goldenberg LOAN AMOUNT: $8,200,000 LOAN TYPE: Refinance NOTE: Leon Goldenberg, via 22-25 New Haven LLC, secured an $8.2M refi from FourLeaf Federal Credit Union for a 26-unit elevator building at 22-25 New Haven Avenue in Far Rockaway, replacing $7.5M in prior debt from Valley National Bank; the deal closed April 17 and was recorded April 28.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$8,200,000.00

Monthly NOI$54,666.67
Monthly Debt Service$51,829.58
Change in Cash Flow$0.00
Refinance Proceeds$0.00