6B — July 12 - 25, 2019— Southern New Jersey — M id A tlantic

Real Estate Journal


S outhern N ew J ersey

Senior VP Daniel Lanni handles exclusive sales The Kislak Company sells Jersey Shore investment properties for $7.5 million


space. Kislak marketed each prop- erty on an exclusive basis with senior vice president Daniel Lanni handling the assign- ments. Lanni also procured the purchaser in three of the trans- actions. “With each assignment in these Jersey Shore towns, we led a competitive bidding process and ultimately closed at strong prices,” said Mr. Lanni. The Belmar property sold for $2,500,000 and is a newer construction mixed-use prop- erty with six residential units and 3,029-square-feet of retail space. The property is centrally

located on the corner of Main Street and 7th Avenue, imme- diately off of Route 35, three blocks from the Belmar Marina. As a recently constructed build- ing, the property was granted a 30-year tax abatement. Tenant amenities include on-site park- ing and in-unit washers and dryers. The building was fully occupied at the time of closing. The Toms River property sold for $2,420,000 and is a well-maintained, three-story brick building located at 34- 38 Main Street in the heart of downtown. It consists of 12 units and 5,288-square-feet of retail space. Consisting of 6 one-bedroom and 6 two- bedroom apartments at under market rents, the property affords tenants on-site storage and laundry as well as on-site parking – an attractive amenity in such a busy district. Com- muting for work or pleasure is accessible conveniently via nearby Route 9 and the Garden State Parkway. One Little Egg Harbor prop- erty sold for $1,610,000 and is located at 19 Pine Valley Court. It houses 20 two-bedroom, air- conditioned condominiums, each containing two bathrooms, eat-in kitchen, washer/dryer and private balcony or patio. Amenities include ample park- ing, club house, tennis courts and swimming pool. Located off Exit 58 on the Garden State Parkway, with major arter- ies such as Routes 539 and 9 running through the town, the property has additional, easy access to Atlantic City via New Jersey Transit bus service along Route 559. Another Little Egg Harbor property, Lighthouse Gardens, sold for $975,000 and is a newly constructed, one-story apart- ment complex at 158 Oak Lane. It affords three one-bedroom and four two-bedroom units outfitted with stainless steel appliances, in-unit washers and dryers, and on-site park- ing. This property is also conve- niently located off the Garden State Parkway. 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 Kis- lak Compa- ny, Inc. an- nounced the sale of four investment p r o p e r t i e s – one in Bel- mar, one in Toms River

Daniel Lanni

and two in Little Egg Harbor for a total of $7,.505 million. The separate transactions in- cluded a total of 45 residential units and 8,317 s/f of retail

Belmar Main Street property


Allentown, PA 64,068 SF Industrial Matt Weilheimer ext 253

Lakewood, NJ 9,650 SF Retail + Office Daniel Lanni ext 248

West Orange, NJ 9,300 SF FOR LEASE Matt Weilheimer ext 253

Yonkers, NY 48 Residential Units Daniel Lanni ext 248

East Rutherford, NJ 16 Residential Units Robert Squires ext 287

Toms River, NJ 8,000 SF Office Daniel Lanni ext 248

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

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