Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $5.7M Refinance Loan To Jeff Sutton
460 Fulton Mall
$5,700,000
Building Size
—
Asset Type
Retail
Closing
Sep 28, 2025
AI
The asset involved in this transaction is a retail property located at 460 Fulton Mall in Brooklyn. The loan amount for this asset is $5,700,000, which is classified as a refinance type loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,700,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Jeff Sutton
- Loan Type: Refinance
- Transaction Date: 9/28/2025
The deal was facilitated by Joseph E. Fingerman & Nicholas LaMorte, who represented Peapack Private Bank & Trust as the lender. Jeff Sutton is noted as the landlord associated with this retail property transaction.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93