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
$2,700,000
Retail
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Players
Brooklyn 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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93