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900 Merchant's Concourse

$13 Million Refinance Secured By Jeffrey Supinsky And Bob Agahi At 900 Merchant's Concourse
FINANCEDOffice

$13 Million Refinance Secured By Jeffrey Supinsky And Bob Agahi At 900 Merchant's Concourse

900 Merchant's Concourse

$13,000,000

Building Size

Asset Type

Office

Closing

Apr 5, 2026

AI

The asset involved in this transaction is an office property located at 900 Merchant's Concourse in Westbury. The loan amount for this refinance transaction is $13,000,000.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
  • Landlord: Jeffrey Supinsky & Bob Agahi
  • Brokers: Adam Rochlin - The Rochlin Organization & Paul Greenbaum - GCP Capital Group
  • Loan Type: Refinance
  • Date: 4/6/2026

This transaction features key individuals including Joseph E. Fingerman and Nicholas LaMorte representing Peapack Private Bank & Trust as the lenders. Jeffrey Supinsky and Bob Agahi serve as the landlords for the property, while brokers Adam Rochlin from The Rochlin Organization and Paul Greenbaum from GCP Capital Group play crucial roles in facilitating this refinancing deal.

Players

Adam Rochlin

The Rochlin Organization

Broker

$94.9M

vol

7 deals

Broker
Peapack Private Bank & Trust
Peapack Private Bank & TrustLender

Westbury 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93