FINANCEDRetail
ACHS Management Corp Secures $5 Million Refinance Loan From Joseph E. Fingerman & Nicholas LaMorte
4259 Broadway
$5,000,000
Building Size
—
Asset Type
Retail
Closing
Aug 5, 2026
About this deal
AI
The property asset located at 4259 Broadway, Manhattan, is a retail type asset involved in a loan transaction. The refinance loan amount is $5,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 4259 Broadway
- Market: Manhattan
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Borrower: ACHS Management Corp.
- Loan Type: Refinance
- Date: 08/05/2026
Joseph E. Fingerman and Nicholas LaMorte, representing Peapack Private Bank & Trust, facilitated the lending process for ACHS Management Corp. in securing refinancing for the retail property.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93