PEBB Enterprises And Sagamore Hill Partners Secure $26.8M Refinance For Soundview Marketplace In Port Washington
101 Shore Road
$26,800,000
$142/SF
Building Size
188,109 SF
Asset Type
Retail
Closing
Sep 22, 2026
About this deal
AI
A $26,800,000 refinancing was secured by PEBB Enterprises and Sagamore Hill Partners for Soundview Marketplace, a retail asset located at 101 Shore Road in Port Washington, New York. The shopping center spans 188,109 square feet and sits on an 11-acre site.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,800,000
- Lender: City National Bank
- Landlord: Ian Weiner - PEBB Enterprises & Mark Kaplan - Sagamore Hill Partners
- Lender's Representative: David Lukes - City National Bank
- Landlord's Representative: Christopher Staller - Nelson Mullins
The transaction highlights the collaboration between experienced entities in the real estate sector, with David Lukes representing City National Bank and Christopher Staller representing the landlords, emphasizing a strategic refinancing effort for the shopping center's operations and growth.
On the Map
$26,800,000
$142/SF
Retail
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Players
Osage Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93