Joseph E. Fingerman & Kenneth A. Stagnari Provide $15,750,000 Acquisition Loan For Office In Jericho
FINANCED
$20,950,000
New York
See Similar DealsOffice
Financed 05/29/2026
FINANCED
Joseph E. Fingerman & Kenneth A. Stagnari Provide $15,750,000 Acquisition Loan For Office In Jericho
50 Jericho Quadrangle
See Similar DealsOffice
Financed 05/29/2026
Summary
NEW YORK
Asset Type:Office
Transaction Type:Loan
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$20,950,000.00
Monthly NOI$139,666.67
Monthly Debt Service$132,418.25
Change in Cash Flow$0.00
Refinance Proceeds$0.00
Is there something missing? Send suggestions