The sale of Royal Pines at Marlboro also represents the largest multifamily sale in Monmouth County since 2012 based on data available from CoStar. Kislak held the previous record with the $10.3 million sale earlier in 2014 of Bradley Beach Village, a 42-unit building with five retail spaces in Bradley Beach, which Lanni also handled.

Royal Pines at Marlboro is a 90-unit luxury apartment complex located on Route 9 in Marlboro. Built in 2009, the property is a class A active adult community with spacious one- and two-bedroom apartments. Amenities include granite flooring and countertops, private balconies or patios, a fitness center and transportation services.

“Royal Pines is a stunning multifamily property and the only one of its kind in Monmouth and Ocean Counties,” says Lanni. “The buyers quickly recognized this as their offer was submitted only hours after their initial tour. The management teams and on-site personnel were an absolute pleasure to work with and extremely helpful throughout the entire transaction.”

Jonathan Heilbrunn, Esq. represented the seller, and Steven Uffner, Esq. represented the buyer. Capital One Bank provided financing. At the time of closing, the property was 97% occupied.

Matawan Village Apartments is a 72-unit all brick garden-style apartment complex located on Cross Road and Morristown Road in Matawan. The five-acre property includes semi-private entrances, on-site laundry facilities and on-site parking. The property is located in near the Garden State Parkway and the Matawan Train Station.

“We received 15 strong offers within one week of marketing the property and shortly thereafter assisted the seller with the selection of the eventual purchaser who submitted the highest and best offer,” says Lanni.

Charles Epstein Esq. represented the seller and David Wigfield, Esq. represented the buyer. Kearney Federal Bank provided financing. At the time of closing, the property was 90% occupied.

Corlies Plaza is a 17,148 square foot mixed-use office and warehouse property with on-site parking located on Corlies Avenue in Neptune. The multi-tenanted property includes a spacious first floor with office and garage combinations that offer ample room for warehouse storage and office space, and offices with private entrances on the second floor. The property is located on Route 33 with excellent visibility minutes from Jersey Shore Medical Center and the Garden State Parkway.

“The seller engaged us on an exclusive basis to market and sell the property,” says Lanni. “It is our second closing this year with the same purchaser and seller.”

Richard Kwasny, Esq. represented the seller and Jason Mandia, Esq. represented the buyer. Amboy Bank financed the transaction. At the time of closing, the property was approximately 90% occupied.