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108 Riverview Avenue

Kislak Brokers Daniel Lanni And Robert Holland Complete $20M Multifamily Sale In Neptune City
SOLDMultiFamily

Kislak Brokers Daniel Lanni And Robert Holland Complete $20M Multifamily Sale In Neptune City

108 Riverview Avenue

$20,000,000

$800/SF

Building Size

25,000 SF

Asset Type

MultiFamily

Closing

Dec 10, 2025

AI

The property involved in the transaction is a multifamily asset located at 108 Riverview Avenue in Neptune City. The sale price for the property was $20,000,000, encompassing a total of 80 units, which results in a price per unit of $250,000.

Summary of transaction details:

Daniel Lanni and Robert Holland were the brokers representing the deal, facilitating the transaction as agents for the seller. Their involvement contributed to the successful exchange of the multifamily property.

Players

Robert Holland

Kislak

Broker

$158.1M

vol

12 deals

Broker
Kislak
KislakBrokerage

Neptune MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.79%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93