Sutton Equity Acquires Multifamily Asset In Monmouth County, NJ For $34M

Jesse Sutton, Steven Sutton, Buddy Setton, Morris A Sutton, Elliot Horowitz, and Daniel Lanni are the key individuals and companies involved in a recent multifamily property transaction in Monmouth County, NJ. The property, consisting of 127 units with a total area of 90,000 square feet, was sold for a price of $34,000,000, resulting in an average price per unit of $267,717 and a price per square foot of $378.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $34,000,000
• Units: 127
• Price per Unit: $267,717
• Total Square Footage: 90,000
• Price per Square Foot: $378

Sutton Equity, represented by Jesse Sutton, Steven Sutton, and Buddy Setton, along with LT Capital, represented by Morris A Sutton, and H Equities, represented by Elliot Horowitz, were the buyers in this transaction. Daniel Lanni acted as the broker in the deal.

Note from the buyer: Sutton Equity is actively seeking value-add and core-plus multifamily deals in NJ. For potential deals, you can contact [email protected].