ConnectOne Bank Provides $27M Acquisition Loan For Multifamily Property In Kearny, NJ

The multifamily property located at 41-109 Belgrove Drive in Kearny, NJ has recently undergone a loan transaction. The property consists of 171 units and is situated in the market of Kearny, NJ.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $27,000,000
• Address: 41-109 Belgrove Drive, Kearny, NJ
• Market: Kearny, NJ
• Units: 171

The loan for this acquisition was provided by ConnectOne Bank. The landlord, Robert Tagliareni, facilitated the transaction. Progress Capital, represented by Brad Domenico, served as the broker in the deal.

Niko Nicolaou and David Oropeza of Gebroe-Hammer Associates acted as the selling brokers in the transaction.