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1890 Ralph Avenue

Updated Jun 10, 2025

ISJ Management's Kenneth Stagnari, Joseph E. Fingerman & Zachary Bermudez Secure $2.7M Refinance In Brooklyn
FINANCEDRetail

ISJ Management's Kenneth Stagnari, Joseph E. Fingerman & Zachary Bermudez Secure $2.7M Refinance In Brooklyn

1890 Ralph Avenue

$2,700,000

Building Size

—

Asset Type

Retail

Closing

May 21, 2025

About this deal

AI

The asset involved in this transaction is a retail property located at 1890 Ralph Avenue in Brooklyn. The loan amount for this property is $2,700,000, and it is categorized as a refinance. The landlord of the property is ISJ Management, associated with the Jemal Family.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,700,000
  • Loan Type: Refinance
  • Lender: Joseph E. Fingerman, Kenneth Stagnari & Zachary Bermudez - Peapack Private Bank & Trust
  • Landlord: ISJ Management - Jemal Family
  • Date of Transaction: 5/22/2025

Key individuals involved in the deal include Joseph E. Fingerman, Kenneth Stagnari, and Zachary Bermudez, who represent the lender, Peapack Private Bank & Trust. The landlord, ISJ Management, is associated with the Jemal Family, providing insights into the ownership structure behind this retail property transaction.

On the Map

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$2,700,000

Retail

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Players

Peapack Private Bank & Trust
Peapack Private Bank & TrustLender
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.88%

Cash-on-Cash

-1.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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