Peapack Bank & Trust Provides $2,460,000 Refinance Loan For Retail Space Leased To Marinara Pizza
130 West Broadway
$2,460,000
$1,940/SF
Building Size
1,268 SF
Asset Type
Retail
Closing
May 13, 2026
About this deal
AI
The retail asset involved in this transaction measures 1,268 square feet and is situated at 130 West Broadway in the Manhattan market. The loan amount secured for this asset is $2,460,000, and it is a refinance loan with a term of 5 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,460,000
- Lender: Peapack Bank & Trust
- Landlord: Marinara Pizza
- Broker: Gil Shenhav - Avra Capital
- Loan Type: Refinance
- Loan Terms: 5 Years
Gil Shenhav from Avra Capital represents the landlord Marinara Pizza in this transaction, facilitating the loan arrangement with Peapack Bank & Trust for the refinancing of the retail property.
Players
New York 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
6.45%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93