Lanns Associates Acquires 127 Talmage Avenue Multifamily From DeMattheis Real Estate

The multifamily property located at 127 Talmage Avenue in Bound Brook, NJ, was recently sold for $15,000,000. This property consists of 49 units with a price per unit of $306,122. The total square footage of the property is 65,000, with a price per square foot of $231. The sale involved Lanns Associates as the buyer and DeMattheis Real Estate as the seller. The transaction was facilitated by Manveer "Manny" Sanghera from Veerman Asset Management.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $15,000,000
• Units: 49
• Price Per Unit: $306,122
• Square Footage: 65,000
• Price Per Square Foot: $231
• Address: 127 Talmage Avenue
• Market: Bound Brook, NJ
• Buyer: Lanns Associates
• Seller: DeMattheis Real Estate
• Broker: Manveer "Manny" Sanghera - Veerman Asset Management

Veerman Asset Management, under the leadership of CEO Manveer "Manny" Sanghera, has emerged as a prominent player in the sale of newer construction multifamily assets. The recent sale of the property at 127 Talmage Avenue marks the 11th post-2010 construction multifamily asset represented by the firm in the last 24 months. For more information on Veerman Asset Management, interested parties can visit www.VAMFIN.com.