Joseph E. Fingerman & Kenneth A. Stagnari Arrange $3.25M Refinance Loan For Retail Asset In Flushing
44 25 Kissena Boulevard
$3,250,000
Building Size
—
Asset Type
Retail
Closing
Dec 21, 2025
About this deal
AI
The asset involved is a retail property located at 44-25 Kissena Boulevard in Flushing. The transaction includes a refinance loan amounting to $3,250,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,250,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: Houlihan-Parnes Realtors
- Loan Type: Refinance
- Date: 12/22/2025
The key individuals involved in the transaction are Joseph E. Fingerman and Kenneth A. Stagnari, who represent Peapack Private Bank & Trust in the capacity of lenders. They played a significant role in facilitating the refinancing process for the retail asset owned by Houlihan-Parnes Realtors.
On the Map
$3,250,000
Retail
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Flushing 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93