Nicholas LaMorte And Joseph E. Fingerman Of Peapack Private Bank & Trust Provide $2.1M Refinance Loan In West Village
186 188 Waverly Place
$2,100,000
$568/SF
Building Size
3,696 SF
Asset Type
Mixed-use
Closing
Jul 14, 2025
About this deal
AI
The property asset involved in this transaction is a mixed-use building located at 186-188 Waverly Place in the West Village market. The asset encompasses a total square footage of 3,696 and has undergone a refinance transaction valued at $2,100,000.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $2,100,000
- Address: 186-188 Waverly Place
- Market: West Village
- Asset Size: 3,696 SF
- Lender: Nicholas LaMorte & Joseph E. Fingerman - Peapack Private Bank & Trust
- Landlord: SW. Management
- Loan Type: Refinance
The key individuals involved in this transaction include Nicholas LaMorte and Joseph E. Fingerman, acting as lenders from Peapack Private Bank & Trust. The landlord for the property is SW. Management, detailing the parties engaged in this refinancing deal.
On the Map
$2,100,000
$568/SF
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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93