Joseph E. Fingerman & Kenneth A. Stagnari Secure $10 Million Refinance Loan For Retail Property In Brooklyn
Rockaway Parkway
$10,000,000
Building Size
—
Asset Type
Retail
Closing
Jun 9, 2026
AI
The asset involved in this transaction consists of retail properties located at 2002-2058, 2082-2130 Rockaway Parkway & 9601-9623 Schenck St. in the Brooklyn market. The financing secured for this refinance transaction amounts to $10,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Lender: Joseph E. Fingerman & Kenneth A. Stagnari - Peapack Private Bank & Trust
- Landlord: Jenel Real Estate
- Loan Type: Refinance
- Date: 06/09/2026
The key individuals representing the lender in this transaction are Joseph E. Fingerman and Kenneth A. Stagnari, both associated with Peapack Private Bank & Trust. The landlord for the properties is Jenel Real Estate, which is responsible for the management of these retail assets.
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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93