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322 Main Street

Kenneth A. Stagnari & Joseph E. Fingerman Of Peapack Private Bank & Trust Provide $3.8M Refinance Loan For Retail Property In Orange NJ
FINANCEDRetail

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

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.

Players

Peapack Private Bank & Trust
Peapack Private Bank & TrustLender

Orange Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

Loading comparables…

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