Leon Goldenberg signs $8.2M refi with FourLeaf Federal for 26-unit rental in Far Rockaway

Leon Goldenberg through the entity 22-25 New Haven LLC as borrower signed a refi loan with lender FourLeaf Federal Credit Union valued at $8.2 million for the 26-unit residential elevator building (D1) at 22-25 New Haven Avenue in Far Rockaway, Queens.
The deal closed on April 17, 2026 and was recorded on April 28, 2026. The prior lender was Valley National Bank which held debt that had an original loan amount of $7.5 million. The property has 20,445 square feet of built space according to a PincusCo analysis of city data. The loan price per built square foot is $398 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The owner bought the property on September 24, 2020, for $925,000. The signatory for Leon Goldenberg was Leon Goldenberg.

Prior sales, articles and revenue

The owner according to the Department of Housing Preservation and Development is Sam Brown, head officer. The business entity is 22-25 New Haven Llc. The 20,445-square-foot property generated revenue of $697,583 or $34 per square foot, according to the most recent income and expense figures.

The property

The residential elevator building with 26 residential units in Far Rockaway has 20,445 square feet of built space according to a PincusCo analysis of city data. The parcel has frontage of 85 feet and is 150 feet deep with a total lot size of 16,203 square feet. The lot is irregular. The zoning is R5 which allows for up to 1.25 times floor area ratio (FAR) for residential. The city-designated market value for the property in 2022 is $324,000. FourLeaf Federal Credit Union on April 17, 2026 bought a loan with an original principal of $7.5 million from Valley National Bank signed by Christopher K. Hawkswell, secured by 22-25 New Haven Avenue, when owned by Leon Goldenberg .

Transaction Participants

Elke M. Stoiber at Certilman Balin Adler & Hyman, LLP participated in the transaction on behalf of the lender.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has received $750 in OATH penalties in the last year.

Development

On the lot, there was a new building construction project, Q00594636, for a 26-unit, 20,172 square-foot residential (R-2) building. The project was submitted by Aharon Steinberg with plans filed September 17, 2021 and permitted April 17, 2024.

The block

On this tax block, PincusCo has identified the owners of two of the six commercial properties representing 96,310 square feet of the 208,678 square feet. The two identified owners are Vincent Ragosta and Goldmont Realty.
On the tax block, there was one new building construction project filed totaling 20,172 square feet. It is a 26-unit, 20,172 square-foot residential (R-2) building submitted by Aharon Steinberg with plans filed September 17, 2021 and permitted April 17, 2024.

The majority, or 77 percent of the 208,678 square feet of built space are elevator buildings, with specialty buildings next occupying 23 percent of the space.

The borrower

The PincusCo database currently indicates that Leon Goldenberg owned at least four commercial properties with 72 residential units in New York City with 61,255 square feet and a PincusCo-determined asset value of $14.8 million. The portfolio has $6.3 million in debt, borrowed from Signature Bank. Within the portfolio, the bulk, or 77 percent of the 61,255 square feet of built space are walkup properties, with mixed-use properties next occupying 22 percent of the space. The bulk, or 66 percent of the built space, is in Staten Island, with Manhattan next at 33 percent of the space.

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