Joseph E. Fingerman & Kenneth A. Stagnari Refinance Mixed-use Property In Chelsea For $8M
201-203 West 20th Street
$8,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Mar 31, 2026
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 201-203 West 20th Street in Chelsea, Manhattan. The property was refinanced for a loan amount of $8,000,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $8,000,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: Aetna Realty Company
- Loan Type: Refinance
- Transaction Date: 4/1/2026
The transaction involved the expertise of Joseph E. Fingerman and Kenneth A. Stagnari, representing Peapack Private Bank & Trust as the lender in this refinancing deal for Aetna Realty Company, the landlord of the property.
On the Map
$8,000,000
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93