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50 Jericho Quadrangle

Joseph E. Fingerman & Kenneth A. Stagnari Provide $15,750,000 Acquisition Loan For Office In Jericho
FINANCEDOffice

Joseph E. Fingerman & Kenneth A. Stagnari Provide $15,750,000 Acquisition Loan For Office In Jericho

50 Jericho Quadrangle

$20,950,000

Building Size

Asset Type

Office

Closing

May 28, 2026

AI

The asset involved in the transaction is an office property located at 50 Jericho Quadrangle in Jericho. The acquisition loan amount is $15,750,000, facilitating the purchase of the asset.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $15,750,000
  • Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
  • Landlord: MDJ Realty
  • Loan Type: Acquisition

Key individuals involved in the transaction include Joseph E. Fingerman and Kenneth A. Stagnari, who served as the lender through Peapack Private Bank & Trust. MDJ Realty is identified as the landlord associated with the property.

Players

Joseph E. Fingerman & Kenneth A. Stagnari

Peapack Private Bank & Trust

Lender

$31M

vol

2 deals

Lender

Jericho 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

0.76%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93