Goodman Capital Leads $44M Condo Inventory Loan on Long Island City Project
New Empire Group completed the 117-unit condominium development in June
By Andrew Coen November 2, 2026 5:51 pm
reprints
New Empire Group has landed $43.7 million of condominium inventory financing for a newly built luxury housing development in Long Island City, Queens, Commercial Observer has learned.
Goodman Capital provided a $39.5 million senior loan secured by for the developer’s unsold condos at its 117-unit Radiant project on 24-01 Queens Plaza North that was completed in June. JEMM Capital Partners also supplied a $4.2 million mezzanine loan as part of the transaction that refinances past debt and supports the sponsor through the sale of the remaining residences.
“Our financing gives the sponsor the time and flexibility to sell the remaining residences at full value, Etan Slomovic, partner at Goodman Capital, said in a statement.
Apex Capital negotiated the financing with a team led by Vincent Martucci and Sana Khaliq.
Located steps from the Queensboro Plaza subway station, the 19-story condo building was designed by ODA New York with interiors by Paris Forino. Resident amenities include a fitness center, an indoor basketball court, a billiards room, a sauna, a golf simulator, and a rooftop terrace with a lounge and grilling station.
“Radiant is a high-quality, newly delivered building in an excellent location,” Eric Goodman, managing partner at Goodman Capital, said in a statement.
New Empire Group did not immediately return a request or comment.
Andrew Coen can be reached at acoen@commercialobserver.com.
