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70 Greene Street

Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $2.75M Refinance For Yaron Jacobi's Retail Asset
FINANCEDRetail

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

Peapack Private Bank & Trust
Peapack Private Bank & TrustLender

Yaron Jacobi

Premier Equities

Landlord

$138.6M

vol

10 deals

Landlord
Premier Equities
Premier EquitiesLandlord

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