Joseph E. Fingerman & Kenneth Stagnari Of Peapack Private Bank & Trust Provide $900,000 Refinance Loan In Manhattan
10 East 16th Street
$900,000
$226/SF
Building Size
3,980 SF
Asset Type
Mixed-use
Closing
May 28, 2025
About this deal
AI
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.
On the Map
$900,000
$226/SF
Mixed-use
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Players
New York Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93