4B — December 13 - 26, 2019 — New Jersey — M id A tlantic
Real Estate Journal
www.marej.com
N ew J ersey
SVP Daniel Lanni arranges multiple sales Kislak sells Jersey Shore investment properties for $8.5 million
ENTRAL NEW JER- SEY — The Kislak Company, Inc. an- n o u n c e d the r e c ent sale of three properties in central New Jersey with 36 residen- tial units and over 15,000 s / f o f com- mercial space, for a total of $8.48 million. The separate transactions include the $4.2 million sale of Rose Gardens, a 32-unit C Daniel Lanni
market for all types of invest- ment real estate,” said Lanni. “We are consistently selling multifamily, retail and mixed use properties at the Jersey Shore for top dollar and clients rely on our expertise to guide the transactions to closing as smoothly as possible.” Rose Gardens is a two-story brick garden complex at 336 Third Ave. in Long Branch, built in 1955, consisting of two studios and 30 one-bedroom apartments all with hardwood flooring. Recent renovations include a new roof, boiler, and hot water tank. Amenities in- clude an onsite laundry facility along with ample parking o. The property is within walking distance to New Jersey Transit at the Long Branch Station and the nearby Monmouth Medical Center. The Matawan shopping cen- ter includes 13,000 s/f of retail space located in the heart of the borough with a mix of na- tional and local tenants and ample on-site parking. The mixed-use property at 2700 Bridge Ave. in Point Pleasant is a class B building, consisting of retail at street level and renovated residen- tial units on the second floor. Features include central air- conditioning, forced hot air heat, wall-to-wall carpeting and ample off-street park- ing. Located at the corner of Curtis and Bridge Aves., it is a premier high-traffic spot on Bridge Ave., the major east/ west Point Pleasant thorough- fare. The property was fully occupied at time of sale. Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of multifamily and other invest- ment properties in central New Jersey with a particular focus along the Jersey Shore. He was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019 The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage consistently recog- nized for its investment sales success. Established in 1906, Kislak’s market leadership po- sition and longevity are due to its ability to offer clients a per- sonalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals.
garden apartment complex in Long Branch, Monmouth County; the $3.3 million sale of a shopping center inMatawan, Monmouth County; and the $980,000 sale of a mixed-use property in Point Pleasant, Ocean County. Senior vice president Daniel Lanni represented all parties in the transactions with the Matawan retail property being an off market transaction that was the completion of a1031 like-kind exchange for the purchaser. “Monmouth and Ocean Counties remain a strong
Rose Gardens in Long Branch
EXCLUSIVE PROPERTIES FOR SALE
Eastampton, NJ 73 Units Justin Lupo ext 225
Newark, NJ 33 Units - 2 Buildings Michael Salomon ext 243
Belleville, NJ 28 Units Matt Weilheimer ext 272
Woodbridge (Sewaren), NJ 16 Residential Units Matt Weilheimer ext 272
Newark, NJ 10 Units + 6 Retail Julie Gralla ext 224
Jackson, NJ 21,600 SF Retail Michael Kossak ext 240
The Kislak Company, Inc. | kislakrealty.com | 732 750 3000
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