Kislak announces sale of 4 properties in Monmouth County for $12.6M

By Emily Bader
Asbury Park/Long Branch | Jun 14, 2018 at 1:21 pm

Woodbridge-based The Kislak Company Inc. announced Thursday the sale of four investment properties totaling $12.6 million in Long Branch and Asbury Park.

The two properties, Kislak said, include 100 residential units and seven retail spaces.

Kislak marketed the property exclusively. Daniel Lanni, vice president at Kislak, represented the sellers and secured the buyers.

“Monmouth County remains a strong market for investment sales especially in the shore towns of Long Branch and Asbury Park.  We exclusively represented four sellers and quickly generated significant interest in the properties and ultimately closed the sales at record prices,” Lanni said.

The largest sale was located at 135 Rockwell Ave. in Long Branch. It sold for $7.03 million. It is comprised of four two-story apartment complexes that has 63 one-bedroom units.

The other property in Long Branch was located at 468 2nd Ave. It sold for $1.83 million. The sale includes 15 of 20 one-bedroom condominiums.

In Asbury Park, 601-621 Main St. sold for approximately $2 million. It is a two-story mixed-use building with nine residential units and seven retail spaces.

Also in Asbury Park, 407 8th Ave. sold for $1.7 million. It is comprised of a mix of studio, one- and two-bedroom apartments.

Emily Bader | ebader@roi-nj.com | emilybader