CENTRAL NEW JERSEY— The Kislak Company, Inc. announced the recent sale of three properties in central New Jersey with 36 residential units and over 15,000 s/f of commercial space, for a total of $8.48 million.
The separate transactions include the $4.2 million sale of Rose Gardens, a 32-unit garden apartment complex in Long Branch, Monmouth County; the $3.3 million sale of a shopping center in Matawan, Monmouth County; and the $980,000 sale of a mixed-use property in Point P
What is your greatest professional accomplishment? Winning the Rookie of the Year award because that was by far the most difficult year of my career and I mostly wanted to quit everyday.
What is your most notable project, deal or transaction? Earlier in my career, I had the police called on me and an angry letter sent to my office from an owner for showing up unannounced at his house. A year later he gave me the listing on the property and ultimately I sold it for close to $
BELMAR, TOMS RIVER AND LITTLE EGG HARBOR, NJ — The Kislak Company, Inc. announced the sale of four investment properties – one in Belmar, one in Toms River and two in Little Egg Harbor for a total of $7,.505 million. The separate transactions included a total of 45 residential units and 8,317 s/f of retail space.
Kislak marketed each property on an exclusive basis with senior vice president Daniel Lanni handling the assignments. Lanni also procured the purchaser in three of
JAMESBURG, NJ — The Kislak Company, Inc. announced the recent $5.2 million sale of Colletti Terrace Apartments, a 44-unit multifamily property located at 192 Docks Corner Rd. in Jamesburg, Monroe Township.
Vice president Daniel Lanni arranged the off-market sale and represented both parties. The seller was Colletti Terrace, LLC, which owned the property since 2007, and the purchaser was a private investor.
Lanni commented: “The owners knew I had just sold 68 units in James
Point Pleasant, NJ — The Kislak Company, Inc. announced the $3 million sale of Village Apartments, 10 residential units at 1005 Trenton Avenue in Point Pleasant, Ocean County.
Highlighting the uniqueness of the transaction, vice president Daniel Lanni remarked, “We represented the original builder of Village Apartments on an exclusive basis and achieved a record price per unit for Ocean County from a 1031 exchange buyer. The sale price equated to a 4.5% cap rate with upside
Red Bank, NJ — The Kislak Company, Inc. announced the recent sale of a new 45-unit luxury apartment building in downtown Red Bank, Monmouth County for $17.75 million.
Vice president Daniel Lanni represented both parties in the transaction.
“The market for multifamily properties remains extremely strong throughout New Jersey, particularly for new construction in walkable downtowns,” said Robert Holland, president. “Red Bank is among the most desirable municipalities in cen