Joseph E. Fingerman & Nicholas LaMorte Of Peapack Private Bank & Trust Provide $14M Refinance Loan For Retail At 205 Smith Street
205 Smith Street
$14,000,000
Building Size
—
Asset Type
Retail
Closing
Dec 23, 2025
About this deal
AI
The asset involved in this transaction is a retail property located at 205 Smith Street in Brooklyn. The loan amount for this property is $14,000,000 and is classified as a refinance loan.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $14,000,000
- Lender: Joseph E. Fingerman & Nicholas LaMorte - Peapack Private Bank & Trust
- Landlord: A & H Acquisitions Corp
- Date: 12/24/2025
This transaction features individuals Joseph E. Fingerman and Nicholas LaMorte representing Peapack Private Bank & Trust as the lender. The landlord in this deal is A & H Acquisitions Corp, which holds ownership of the property being refinanced.
On the Map
$14,000,000
Retail
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Players
Brooklyn 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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93