Multifamily Property At 366 Prospect Street Sold For $3.5M In Long Branch

The property asset involved in the transaction is a multifamily building located at 366 Prospect Street in Long Branch. It consists of 18 units and was sold for $3,500,000, resulting in a per unit price of $194,444.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,500,000
• Units: 18
• Price Per Unit: $194,444
• Broker: Daniel Lanni - Kislak
• Sale Date: 09/05/2024

Daniel Lanni from Kislak represented the seller in this transaction. The deal concluded successfully, reflecting the dynamics of the Long Branch market.