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
About this deal
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.
On the Map
$20,950,000
Office
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Players
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