Updated Dec 20, 2023
Daniel Lanni Acquires Multifamily Property For $18.5M In Asbury Park, NJ
200 Deal Lake Drive, Asbury Park, NJ, USA
$18,500,000
$185/SF
Building Size
100,000 SF
Asset Type
MultiFamily
Closing
Jul 8, 2020
About this deal
AI
A multifamily property located at 200 Deal Lake Drive in Asbury Park, NJ has been sold for a total of $18,500,000. The transaction took place on July 8, 2021. The property consists of 98 units, with a per-unit price of $188,776. The sale was facilitated by broker Daniel Lanni.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $18,500,000
- Units: 98
- Price Per Unit: $188,776
The sale of the property at 200 Deal Lake Drive in Asbury Park, NJ was brokered by Daniel Lanni. Daniel Lanni represented the buyer or seller in this transaction.
Players
Asbury Park 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
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93