Joseph E. Fingerman & Nicholas LaMorte Secure $9.15M Refinance Loan For Premier Equities Retail Property
158 Mercer Street
$9,100,000
Building Size
—
Asset Type
Retail
Closing
Apr 27, 2026
AI
The property asset involved in the transaction is located at 158 Mercer Street in Soho, Manhattan. It is classified as a retail asset and is associated with a loan amount of $9,150,000, which is a refinance type loan.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $9,150,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Premier Equities
- Date of Transaction: 4/28/2026
This transaction is represented by Joseph E. Fingerman & Nicholas LaMorte from Peapack Private Bank & Trust, who acted as the lender in this refinancing deal, ensuring the capital needed for the landlord, Premier Equities, was arranged effectively.
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
1.74%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93