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Mixed Use

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576 Atlantic Avenue

Updated Sep 21, 2026

Bilt advertisement
Comjem Associates Ltd Secures $4,800,000 Refinance Loan For Mixed-Use Asset In Brooklyn
FINANCEDMixed-use

Comjem Associates Ltd Secures $4,800,000 Refinance Loan For Mixed-Use Asset In Brooklyn

576 Atlantic Avenue

$4,800,000

Building Size

Asset Type

Mixed-use

Closing

Sep 11, 2026

About this deal

AI

The property involved in this transaction is a mixed-use asset located at 576 Atlantic Avenue in Brooklyn. The lender for this transaction is Peapack Private Bank & Trust, represented by Joseph E. Fingerman and Nicholas LaMorte. The loan amount secured by the borrower, Comjem Associates Ltd., is $4,800,000, which is categorized as a refinance loan.

Summary of transaction details:

This transaction highlights the involvement of Comjem Associates Ltd. as the borrower securing refinancing through Peapack Private Bank & Trust. The deal features representatives Joseph E. Fingerman and Nicholas LaMorte, who play a crucial role as the lender's representatives in facilitating the financial arrangement.

Players

Nicholas LaMorte

Peapack Private Bank & Trust

Lender

$173.7M

vol

25 deals

Lender

Brooklyn 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

3.30%

Cash-on-Cash

-0.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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