Ashkenazy Acquisition Corporation Secures $14.25M Refinance Loan From Joseph E. Fingerman & Nicholas LaMorte
949 Southern Boulevard
$14,250,000
Building Size
—
Asset Type
Retail
Closing
Oct 19, 2026
About this deal
AI
The property asset involved in this transaction is located at 949 Southern Boulevard in the Bronx, designated as a retail asset. The loan amount secured for this property is $14,250,000 under a refinance loan type.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,250,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Borrower: Ashkenazy Acquisition Corporation
- Loan Type: Refinance
- Date: 10/19/2026
This transaction features prominent individuals, Joseph E. Fingerman and Nicholas LaMorte, who represent Peapack Private Bank & Trust as the lending entity, facilitating the refinance for Ashkenazy Acquisition Corporation, the borrowing party involved in this deal.
On the Map
$14,250,000
Retail
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Players
Bronx 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93