Updated Sep 5, 2025
Kenneth A. Stagnari & Joseph E. Fingerman Of Peapack Private Bank & Trust Provide $3.8M Refinance Loan For Retail Property In Orange NJ
322 Main Street
$3,800,000
$269/SF
Building Size
14,110 SF
Asset Type
Retail
Closing
Aug 6, 2025
About this deal
AI
The property asset involved in the transaction is a retail establishment located at 322 Main Street, in Orange, NJ. The asset encompasses a total square footage of 14,110. The transaction involves a loan amount of $3,800,000, classified as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,800,000
- Asset Address: 322 Main Street
- Market: Orange, NJ
- Lender: Kenneth A. Stagnari & Joseph E. Fingerman - Peapack Private Bank & Trust
- Landlord: Paramount Assets
- Loan Type: Refinance
Key individuals in this transaction include Kenneth A. Stagnari and Joseph E. Fingerman, who represent the lender Peapack Private Bank & Trust. Paramount Assets is noted as the landlord in this transaction, adding to the dynamics of the deal without reiterating previously mentioned financial figures or property specifics.
On the Map
$3,800,000
$269/SF
Retail
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Players
Orange Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93