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
About this deal
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.
On the Map
$9,100,000
Retail
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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