Lanni of The Kislak Co. facilitates Central Jersey apartment sale in high demand area
Jamesburg, NJ — The Kislak Company, Inc. announced the $8.5 million sale of Tall Tree Apartments, a 68-unit multifamily property located at 175 Buckelew Ave. in Jamesburg.Vice president Daniel Lanni represented the seller and purchaser in the first sale of this property in over 30 years at an aggressive 4.5% cap rate. Recently, Kislak also sold a combined 120 units to the purchaser.Highlighting Kislak’s relationship to the seller and the high demand for multifamily properties in this region, Mr. Lanni said: “We previously sold more than 200 units for the seller and this was the last multifamily property in their portfolio. The experienced purchaser moved quickly and performed well to ensure a successful closing. The demand for multifamily properties in central New Jersey remains at an all-time high.”“Dan did an excellent job orchestrating this off-market sale,” said Robert Holland, president.