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260 Rockaway Avenue

Richie Zav Secures $8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property
FINANCEDMultiFamily

Richie Zav Secures $8 Million Refinance Loan From FourLeaf Federal Credit Union For Multifamily Property

260 Rockaway Avenue

$8,000,000

$320/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Oct 31, 2025

AI

The multifamily property located at 258, 260 & 262 Rockaway Avenue in Brooklyn encompasses 25,000 square feet and consists of 24 units. The property was involved in a refinancing transaction with a loan amount of $8,000,000.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $8,000,000
  • Loan Type: Refinance
  • Loan Terms: 5 Year plus 5 Option
  • Lender: FourLeaf Federal Credit Union
  • Landlord: Richie Zav

Richie Zav, as the landlord, is the key individual associated with this transaction. The refinancing was facilitated through FourLeaf Federal Credit Union, which serves as the lender for this deal.

Players

FourLeaf Federal Credit Union
FourLeaf Federal Credit UnionLender

Brooklyn 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

1.98%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93