Mark Shane Acquires Multifamily Property In Asbury Park For $2.3M

The multifamily property located at 407 8th Ave in Asbury Park has been sold for $2,300,000. The property consists of 13 units, resulting in a price per unit of $177,000. The transaction took place on February 17, 2021, and the property is characterized by a 5% capitalization rate.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,300,000
• Address: 407 8th Ave, Asbury Park
• Market: Asbury Park

In this transaction, Mark Shane purchased the property from Daniel Cohen. The deal was facilitated by Daniel Lanni, representing the buyer as a broker.

NOTE: No additional information is available regarding financing, property size, or other parties involved in the transaction.