facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Loan

/

270 Nostrand Avenue

Joel Landau Secures $90 Million Refinance Loan From Valley National Bank For Brooklyn Multifamily Asset
FINANCEDMultiFamily

Joel Landau Secures $90 Million Refinance Loan From Valley National Bank For Brooklyn Multifamily Asset

270 Nostrand Avenue

$90,000,000

Building Size

Asset Type

MultiFamily

Closing

Dec 29, 2025

AI

The multifamily asset located at 270 Nostrand Avenue in the Brooklyn market consists of 140 units. The total loan amount for this refinance transaction is $90,000,000, which was provided by Valley National Bank.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $90,000,000
  • Loan Type: Refinance
  • Address: 270 Nostrand Avenue
  • Market: Brooklyn
  • Lender: Valley National Bank
  • Loan Originators: Chris Gregg, Roger Rofe & Roland Cablayan
  • Landlord: Joel Landau
  • Brokers: Ernest Lefkowitz & Leah Paskus - Landstone Capital Group

The key individuals involved in this transaction include loan originators Chris Gregg, Roger Rofe, and Roland Cablayan, who facilitated the refinance. The landlords for the property are represented by Joel Landau in this closed transaction, while the brokerage representation includes Ernest Lefkowitz and Leah Paskus from Landstone Capital Group.

Players

Leah Paskus

Landstone Capital Group

Broker

$3.6B

vol

36 deals

Broker
Valley National Bank
Valley National BankLender

Joel Landau

Landlord

$242.8M

vol

3 deals

Landlord

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.18%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93