Joseph E. Fingerman & Kenneth Stagnari Of Peapack Private Bank & Trust Provide $900,000 Refinance Loan In Manhattan
FINANCED
$900,000
New York
See Similar DealsMixed-use3,980 SF
Financed 05/28/2025
FINANCED
Joseph E. Fingerman & Kenneth Stagnari Of Peapack Private Bank & Trust Provide $900,000 Refinance Loan In Manhattan
10 East 16th Street
See Similar DealsMixed-use3,980 SF
Financed 05/28/2025
Summary
NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$226
Total Square Footage:3,980 SF
Transaction Type:Loan
The asset involved in this transaction is a mixed-use property located at 10 East 16th Street in Manhattan, encompassing a total square footage of 3,980. The loan amount secured against this property is $900,000, categorized as a refinance.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $900,000
- Address: 10 East 16th Street
- Market: Manhattan
- Lender: Joseph E. Fingerman & Kenneth Stagnari - Peapack Private Bank & Trust
- Landlord: Marin Management
- Loan Type: Refinance
The deal involved key representatives including Joseph E. Fingerman and Kenneth Stagnari, who acted as the lender through Peapack Private Bank & Trust for this refinancing transaction. Marin Management served as the landlord associated with the property.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$900,000.00
Monthly NOI$6,000.00
Monthly Debt Service$5,688.61
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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