Updated Aug 26, 2025
Yitzchok Katz Of Goose Property Management Secures $96.5 Million Refinance Loan For Multifamily Asset
32 03 39th Avenue
$96,500,000
Units
193
Asset Type
MultiFamily
Closing
Aug 7, 2025
About this deal
AI
Two residential elevator buildings located at 32-03 39th Avenue and 31-11 39th Avenue in Long Island City, Queens, consist of a total of 193 units. The asset falls under the multifamily category and was involved in a refinance loan transaction.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $96,500,000
- Lender: Berkadia Commercial Mortgage
- Landlord: Yitzchok Katz - Goose Property Management
- Loan Type: Refinance
- Loan Date: 08/07/2025
- Market: Long Island City, Queens
Yitzchok Katz’s 39th Ave Holdings 1 LLC is the entity responsible for securing the refinance loan from Berkadia for the mentioned properties, facilitating the financial restructuring for the landlord’s holdings in the area.
On the Map
$96,500,000
MultiFamily
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Players
Long Island City 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
0.16%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93