Daniel Lanni Of Kislak Represents Sale Of Development Site In Manalapan For $4.5M

This development site, located at State Route 33 in Manalapan, was sold for $4,500,000. The site encompasses 27 acres of land, providing substantial space for potential development. The property has been family-owned for 40 years.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $4,500,000
• Acres: 27
• Market: Manalapan
• Broker: Daniel Lanni - Kislak
• Transaction Date: 5/12/2025
• Buyer: 1031 buyer paid all cash

Daniel Lanni represented the seller in this transaction, facilitating the deal after an extended family ownership period. The transaction reflects a straightforward cash deal, distinguishing the buyer as a 1031 exchange participant.