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

Sutton Equity, LT Capital & H Equities purchases multifamily property for $34,000,000 in Monmouth County
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This MultiFamily property located in NJ was sold for $34,000,000 almost 2 years ago. The broker of the deal was Daniel Lanni

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].

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Deals
  • Location
    Monmouth County, New Jersey, United StatesMonmouth County, New Jersey, United States
  • Sale Price
    $34,000,000$34,000,000
    $377 PPSF$377 PPSF
  • Area
    90,000 SF90,000 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    1 Broker, 1 Agency1 Broker, 1 Agency

Agent

Daniel Lanni

Daniel Lanni

Deals22
Sold$122.6M

Agency

Kislak

Kislak

Agency
Deals156
Volume$1.7B

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Deal Summary

SALE IMAGE: Jesse Sutton, Steven Sutton, Buddy Setton, Morris A Sutton, Elliot Horowitz & Daniel Lanni DATE: 06/15/2022 MARKET: Monmouth County, NJ ASSET TYPE: Multifamily BUYER: Sutton Equity - Jesse Sutton (@SuttonEquity), Steven Sutton & Buddy Setton (@BuddySetton); LT Capital - Morris A Sutton (@MSut1234) & H Equities (@HEquities) - Elliot Horowitz BROKER: Daniel Lanni (@Daniel_Lanni) SALE PRICE: $34,000,000 UNITS: 127 ~ PPU: $267,717 SF: 90,000 ~ PPSF: $378 NOTE FROM BUYER: Sutton Equity is actively seeking value-add and core-plus multifamily deals in NJ. Send your deals to [email protected]

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Sutton Equity, LT Capital & H Equities purchases multifamily property for $34,000,000 in Monmouth County

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