Kislak arranges sales of four Monmouth County properties

The Kislak Co. Inc. announced it has arranged the sales of four investment properties in Monmouth County totaling $11.5 million.

The properties were all marketed on an exclusive basis on behalf of the sellers by Daniel Lanni, senior vice president. Lanni also procured the purchasers in each transaction, Woodbridge-based Kislak said in a news release.

The four properties are:

  • The Coastal Building, 29,200 square feet at 151 Bodman Place, Red Bank, $6.2 million;
  • Morris Mews, 18 garden apartments at 345 Morris Ave., Long Branch, $2.47 million;
  • 71 W. Main St., 14,400 square feet, Freehold, $1.45 million;
  • 95-97 Broad St., 4,935 square feet, Red Bank, $1.325 million.

“2020 has been a challenging year, for sure,” Lanni said in a prepared statement. “However, investment real estate sales in Monmouth County remain consistently strong, and investor demand has never been greater in my 10 years working the market. Buyers are taking advantage of historically low interest rates, and sellers are benefiting from record sale prices a true win-win.”

The individual buyers and sellers were not disclosed.