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Nicholas D’Agostino III Secures $28M Refinance Loan From OceanFirst Bank For Manhattan Properties

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FINANCED
$28,000,000

New York

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MultiFamily159,294 SF
Financed 08/26/2025
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FINANCED

Nicholas D’Agostino III Secures $28M Refinance Loan From OceanFirst Bank For Manhattan Properties

790 Greenwich Street, 345 East 56th Street & 1068 Lexington Avenue

See Similar Deals
MultiFamily159,294 SF
Financed 08/26/2025
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$175
Total Square Footage:159,294 SF
Transaction Type:Loan

The assets involved in this transaction are multifamily and mixed-use properties located at 790 Greenwich Street, 345 East 56th Street, and 1068 Lexington Avenue in the Manhattan market. The total square footage of these properties is 53,098. The transaction involves a refinance loan amount of $28,000,000.

Summary of transaction details:

  • Property Type: MultiFamily & Mixed-use
  • Transaction Amount: $28,000,000
  • Lender: OceanFirst Bank
  • Landlord: Nicholas D’Agostino III - D’Agostino Supermarkets
  • Previous Debt Amount: $33,500,000
  • Previous Lender: Bank of Hope

This refinance transaction involved Nicholas D’Agostino III, who represents D’Agostino Supermarkets in this deal. The loan from OceanFirst Bank replaces a prior debt held with Bank of Hope.

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LENDER

Details

FINANCED
IMAGE: Nicholas D’Agostino III DATE: 08/26/2025 ADDRESS: 790 Greenwich Street, 345 East 56th Street & 1068 Lexington Avenue MARKET: Manhattan ASSET TYPE: MultiFamily & Mixed-use ~ SF: 53,098 LENDER: OceanFirst Bank LANDLORD: Nicholas D’Agostino III - D’Agostino Supermarkets (@DAgostinoSupermarket) LOAN AMOUNT: $28,000,000 LOAN TYPE: Refinance NOTE: D’Agostino Supermarkets refinanced four Manhattan properties with a $28M loan from OceanFirst Bank, replacing $33.5M in debt from Bank of Hope.

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Deal Type
Debt Service Coverage Ratio (DSCR)

1.05x

Max Loan Amount

$28,000,000.00

Monthly NOI$186,666.67
Monthly Debt Service$176,979.05
Change in Cash Flow$0.00
Refinance Proceeds$0.00