Midwood Investment & Development Secures $4.16M Refinance Loan From Peapack Private Bank & Trust
100 8th Avenue
$4,160,000
Building Size
—
Asset Type
Mixed-use
Closing
Dec 18, 2025
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 100 8th Avenue, situated in the Park Slope neighborhood of Brooklyn. This property was refinanced at an amount of $4,160,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,160,000
- Lender: Joseph E. Fingerman & Zachary Bermudez - Peapack Private Bank & Trust
- Landlord: Midwood Investment & Development
- Loan Type: Refinance
- Date: 12/19/2025
The individuals involved in this deal are Joseph E. Fingerman and Zachary Bermudez, who acted as the lender representing Peapack Private Bank & Trust. The landlord of the property is Midwood Investment & Development, who retained ownership through this refinancing effort.
On the Map
$4,160,000
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
3.81%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93