Multifamily Asset At 1222-1230 First Avenue Sold For $2.3 Million By Daniel Lanni & Robert Squires
SOLD
$2,300,000
New Jersey
See Similar DealsMultiFamily25,000 SF
Sold 11/14/2025
SOLD
Multifamily Asset At 1222-1230 First Avenue Sold For $2.3 Million By Daniel Lanni & Robert Squires
1222 1230 First Avenue
See Similar DealsMultiFamily25,000 SF
Sold 11/14/2025
Summary
NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$92
Total Square Footage:25,000 SF
Transaction Type:Sale
The transaction involves a multifamily asset located at 1222-1230 First Avenue in Asbury Park. The sale price of the property was $2,300,000, encompassing a total of 10 units, which translates to a price per unit of $230,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Units: 10
- Price Per Unit: $230,000
- Market: Asbury Park
The brokers representing the deal were Daniel Lanni and Robert Squires from Kislak, who played a key role in facilitating the transaction.
Players
BROKERAGE
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
Is there something missing? Send suggestions