Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $4M Refinance Loan In Brooklyn
Nostrand Avenue
$4,000,000
Building Size
—
Asset Type
Mixed-use
Closing
Feb 11, 2026
About this deal
AI
The mixed-use property located at 479-485 Nostrand Avenue in Brooklyn has been refinanced with a loan amount of $4,000,000. The transaction is characterized by its mixed-use asset nature, though specific details regarding square footage are not provided.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,000,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Jem Realty Management
- Loan Type: Refinance
- Date: 2/12/2026
Joseph E. Fingerman and Nicholas LaMorte, as representatives of Peapack Private Bank & Trust, facilitated the refinancing of the property. Jem Realty Management serves as the landlord in this transaction.
Players
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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93