$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
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