KSR Secures $12,750,000 Refinance Loan From Joseph E. Fingerman & Nicholas LaMorte In Brooklyn
611 Sixth Avenue
$12,750,000
Building Size
—
Asset Type
Retail
Closing
Aug 25, 2026
About this deal
AI
The property asset involved in the transaction is a retail space located at 611 6th Avenue in Brooklyn. The loan amount secured for refinancing the property is $12,750,000. The lender for this transaction is Peapack Private Bank & Trust, represented by Joseph E. Fingerman and Nicholas LaMorte.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $12,750,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Borrower: KSR
- Loan Type: Refinance
- Date: 08/25/2026
Joseph E. Fingerman and Nicholas LaMorte are the key individuals representing the lender in this refinancing deal. KSR is the borrower for the loan, securing the financing necessary for their retail asset at the specified address. This transaction highlights the collaboration between the borrower and the bank, facilitated by the representatives involved.
On the Map
$12,750,000
Retail
View full map
Players
New York Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Browse New York retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93