Joseph E. Fingerman & Kenneth A. Stagnari Of Peapack Private Bank & Trust Provide $4.45M Loan For Retail Property In Uniondale
957 Nassau Road
$4,450,000
Building Size
—
Asset Type
Retail
Closing
Feb 6, 2026
About this deal
AI
The property asset involved in this transaction is a retail location situated at 957 Nassau Road in Uniondale. The loan amount secured for this asset is $4,450,000, which is categorized as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,450,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: AD Real Estate
- Loan Type: Refinance
- Date of Transaction: 2/6/2026
The key individuals involved in this transaction include Joseph E. Fingerman and Kenneth A. Stagnari as representatives from Peapack Private Bank & Trust, overseeing the financing aspects. The landlord, AD Real Estate, is also a notable participant in this deal.
On the Map
$4,450,000
Retail
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Players
Uniondale 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
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93