Daniel Goldstein borrows $22M from Spencer Savings Bank for property in Far Rockaway

Daniel Goldstein through the entity 2206 Cornaga, LLC as borrower signed a loan agreement with lender Spencer Savings Bank valued at $21.5 million for 1 parcel, including the tax class garden apartments/mobile home park/trailer park (C9) and containing 72 residential units at 22-06 Cornaga Avenue in Far Rockaway. The deal closed on April 21, 2020 and was recorded on April 28, 2020.
The property contains a total of 110,379 square feet of built space.
The average loan per unit is $299,090.
The last time the property sold was September 16, 2013, for $7,775,000.
The DOB issued a new construction (NB) initial temporary certificate of occupancy for the building with 41 residential units on October 5, 2018.
Over the past five years, there have been 2 NYC Department of Buildings permit applications filed for this parcel valued at more than $20,000.There have been 2 new building permit applications totaling 53,937 square feet. Those plans include a total of 146 residential units.
Direct link to Acris document. link
Direct link to the city’s interactive property map, ZOLA. link