Updated Dec 11, 2025
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
About this deal
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.
On the Map
$8,000,000
$320/SF
MultiFamily
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Players
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