MDJ Realty Secures $15.5 Million Acquisition Loan From Joseph E. Fingerman & Kenneth A. Stagnari In Ronkonkoma
4250 Veterans Memorial Highway
$15,500,000
Building Size
—
Asset Type
Office
Closing
Dec 17, 2025
About this deal
AI
The asset involved in the transaction is an office property located at 4250 Veterans Memorial Highway in Ronkonkoma. The acquisition loan amounts to $15,500,000. The specific characteristics of the property are not detailed in the context provided.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $15,500,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: MDJ Realty
- Loan Type: Acquisition
The key individuals in this transaction are Joseph E. Fingerman and Kenneth A. Stagnari, who represent the lender, Peapack Private Bank & Trust. MDJ Realty is identified as the landlord in this deal.
On the Map
$15,500,000
Office
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Players
Holbrook Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93