Fruchthandler Family Secures $4.3 Million Refinance Loan For Mixed-Use Property In Harlem
14 East 125th Street
$4,300,000
Building Size
—
Asset Type
Mixed-use
Closing
Jul 6, 2025
About this deal
AI
The property asset involved in the transaction is a mixed-use building located at 14 East 125th Street in Harlem, Manhattan. This property is part of a refinance loan transaction amounting to $4,300,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,300,000
- Lender: Kenneth Stagnari & Joseph E. Fingerman - Peapack Private Bank & Trust
- Landlord: Fruchthandler Family
- Loan Type: Refinance
- Date of Transaction: 7/7/2025
Key individuals involved in the deal include Kenneth Stagnari and Joseph E. Fingerman, who acted as the lenders through Peapack Private Bank & Trust. The Fruchthandler Family represented the landlord in this transaction.
On the Map
$4,300,000
Mixed-use
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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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93