M id A tlantic Real Estate Journal — Central New Jersey — November 13 - December 10, 2020 — 9B C entral NJ


Senior vice president Daniel Lanni completes multiple sales The Kislak Company’s Jersey Shore investment sales total $11.5 million


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. In 2020 he was recognized in the Mid- Atlantic Real Estate Journal’s 40 under 40 Spotlight. The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. MAREJ

71 West Main St. houses 16 tenants in a three-story, el- evator office building with approximately 14,400 s/f of space. Recent improvements include a repaved parking lot, new roof, plumbing upgrades inclusive of new bathrooms, AC wall units, front awning and internal doors upgraded to fire safety standards. Both bus and train access are within nearby reach. The sale price was $1.45 million. Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of

ONMOUTH COUN- TY, NJ — The Kis- lak Company, Inc.

a nn o un c e d t he r e c en t sale of four i n d i v i d u a l inves tment p r o p e r t i e s t o t a l i n g $11.445 mil- l ion in Red Bank, Long

Daniel Lanni

Branch and Freehold, all in Monmouth County, New Jer- sey. Kislak marketed the prop- erties on an exclusive basis on behalf of the sellers with senior vice president Daniel Lanni handling the assign- ments. Lanni also procured the purchaser in each transaction. He commented, “2020 has been a challenging year for sure. However, investment real es- tate sales inMonmouth County remain consistently strong and investor demand has never been greater in my 10 years working the market. Buyers are taking advantage of historically low interest rates and sellers are benefiting from record sale prices, a true win-win.” The Coastal Building is a four-story class A office build- ing located directly on the Navesink River at 151 Bodman Pl. in Red Bank -- close to the heart of downtown shopping, restaurants, and the train sta- tion. Comprised of 29,200 s/f on 1.16 acres, the property affords on-site building management and onsite parking. Convenient accessibility to the Garden State Parkway is less than 3 miles away. The sale price was $6.2 million. Also located in Red Bank, 95-97 Broad St. is a 4,935 s/f commercial building with on- site parking. The property was fully leased at the time of clos- ing. The sale price was $1.325 million. At 345 Morris Ave. in Long Branch, the Morris Mews prop- erty houses 18 garden apart- ments in a two-story residential complex with a recently reno- vated timberline roof. Ameni- ties include a large private parking lot in the rear, a two- basement laundry room and walking distance to a nearby elementary school, commu- nity college and medical center. Also, within walking distance is a train with direct access to New York City. The sale price was $2.47 million. The Freehold property at


Belleville, NJ 7 Units and 3 Garages Tom Scatuorchio ext 255

Jersey City, NJ 9 Units Scott Davidovic ext 290

Asbury Park, NJ 13 Units Daniel Lanni ext 248

Marlboro, NJ 6± Acres of Land Matt Weilheimer ext 253

Chatham, NJ 2 Units and 2 Retail Tom Scatuorchio ext 255

Roxbury, NJ 14,200 SF Retail Building Tom Scatuorchio ext 255

The Kislak Company, Inc. | kislakrealty.com | 732 750 3000

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