Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $2,550,000 Refinance Loan In Howard Beach
158-06 Cross Bay Boulevard
$2,550,000
Building Size
—
Asset Type
Retail
Closing
Jun 7, 2026
AI
The property asset is located at 158-06 Cross Bay Boulevard in Howard Beach, categorized as retail. The loan amount for this refinancing transaction is $2,550,000.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $2,550,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Midtown Equities
- Loan Type: Refinance
- Date: 6/8/2026
The key individuals involved in this transaction are Joseph E. Fingerman and Nicholas LaMorte, representing Peapack Private Bank & Trust as the lenders for the refinancing loan. Midtown Equities acts as the landlord of the property during this transaction.
Players
Howard Beach 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93