Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $2.75M Refinance For Yaron Jacobi's Retail Asset
70 Greene Street
$2,750,000
Building Size
—
Asset Type
Retail
Closing
Jun 5, 2025
AI
The asset involved in this transaction is a retail property located at 70 Greene Street in the Soho market of Manhattan. The loan amount secured for this property is $2,750,000, classified as a refinance transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,750,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: Yaron Jacobi - Premier Equities
- Loan Type: Refinance
- Date: 6/6/2025
Key individuals in this transaction include Joseph E. Fingerman and Nicholas LaMorte representing Peapack Private Bank & Trust as lenders, along with Yaron Jacobi representing Premier Equities as the landlord in this deal.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93