Michael Goldstein Secures $7.2 Million Loan From ConnectOne Bank For Astoria Residential Property
23-35 29th Avenue
$7,200,000
Units
19
Asset Type
Note / Loan
Closing
Jun 30, 2026
About this deal
AI
23-35 29th Avenue is located in Astoria, Queens. The asset involved in this transaction is a note/loan valued at $7,200,000. The note is secured by a residential building consisting of 19 units.
Summary of transaction details:
- Property Type: Note / Loan
- Transaction Amount: $7,200,000
- Lender: ConnectOne Bank
- Landlord: Michael Goldstein
Michael Goldstein’s 23-35 29th Ave Note LLC secured the loan from ConnectOne Bank, representing a financial transaction linked to the 19-unit residential building owned by Matthew Schwartz at the specified address in Astoria.
On the Map
$7,200,000
Note / Loan
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Players
Astoria Note / Loan Market Snapshot
Boundary boundary · Note / Loan · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93