Updated Oct 9, 2026
Renaissance Realty Group Secures $5,400,000 Refinance Loan From Joseph E. Fingerman & Kenneth A. Stagnari
1040 Flatbush Avenue
$5,400,000
Building Size
—
Asset Type
Commercial
Closing
Sep 18, 2026
About this deal
AI
1040 Flatbush Avenue is a commercial property located in Brooklyn. The loan for this property amounts to $5,400,000, with the financing structured as a refinance.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $5,400,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Borrower: Renaissance Realty Group
- Transaction Date: 09/18/2026
The transaction features key individuals Joseph E. Fingerman and Kenneth A. Stagnari as the lender representatives. They are involved with Peapack Private Bank & Trust in facilitating this refinance for Renaissance Realty Group.
On the Map
$5,400,000
Commercial
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93