BCB Bank Refinances 11,000 SF Medical Office In Bayonne, NJ For $2.93M

A single-tenant medical office building located at 471 Broadway, Bayonne, NJ, has recently undergone a refinancing transaction. The property spans 11,000 square feet and is owned by Lance Lucarelli.

Summary of transaction details

• Property Type: Medical Office
• Transaction Amount: $2,930,000
• Address: 471 Broadway, Bayonne, NJ
• Market: Bayonne, NJ
• Asset Type: Medical Office
• Square Footage: 11,000

The refinancing was facilitated by BCB Bank, who provided a 3-year floating rate loan for the property. The loan terms include interest-only payments for the duration of the term. Emil DePasquale, representing Black Bear Capital Partners, acted as the broker in this transaction.