Robert Tagliareni Acquires 171-Unit Multifamily Property In Kearny, NJ With $27M Loan From ConnectOne Bank

49-109 Belgrove Drive, Kearny, NJ, USA

$27,000,000

Building Size

—

Asset Type

MultiFamily

Closing

Oct 18, 2021

AI

Located at 49-109 Belgrove Drive in Kearny, NJ, this multifamily property consists of 171 units. The property was recently involved in a closed transaction.

Summary of transaction details

Property Type: Multifamily
Transaction Amount: $27,000,000
Date: 10/18/2021
Lender: ConnectOne Bank
Landlord: Robert Tagliareni
Selling Brokers: Niko Nicolaou & David Oropeza - Gebroe-Hammer Associates
Mortgage Broker: Brad Domenico - Progress Capital
Loan Type: Acquisition Loan

Brad Domenico, a representative from Progress Capital, served as the mortgage broker for this transaction involving the multifamily property at 49-109 Belgrove Drive. ConnectOne Bank provided a loan amount of $27,000,000 for the acquisition. The selling brokers involved in the deal were Niko Nicolaou and David Oropeza from Gebroe-Hammer Associates. The landlord, Robert Tagliareni, completed the transaction successfully.

Players