Kislak Brokers Daniel Lanni And Robert Holland Complete $20M Multifamily Sale In Neptune City
SOLD
$20,000,000
New Jersey
See Similar DealsMultiFamily25,000 SF
Sold 12/11/2025
SOLD
Kislak Brokers Daniel Lanni And Robert Holland Complete $20M Multifamily Sale In Neptune City
108 Riverview Avenue
See Similar DealsMultiFamily25,000 SF
Sold 12/11/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$800
Total Square Footage:25,000 SF
Transaction Type:Sale
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:
- Property Type: Multifamily
- Transaction Amount: $20,000,000
- Units: 80
- Price Per Unit: $250,000
- Date of Sale: 12/11/2025
- Brokers Involved: Daniel Lanni & Robert Holland - Kislak
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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