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:
- 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
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