Senior Vice Presidents Daniel Lanni & Robert Squires Sell 10 Units in Monmouth County at Record Price Per Unit
Woodbridge, N.J., December 8, 2025 – The Kislak Company, Inc. announced the recent sale of a 10-unit apartment building at 1222-1230 1st Avenue in Asbury Park, in Monmouth County, New Jersey, for $2,300,000.
Kislak marketed the property on an exclusive basis with senior vice presidents Daniel Lanni and Robert Squires handling the assignment on behalf of the seller 1222 First, LLC. The purchaser was not disclosed.
At $230,000 per unit, the sale represents the highest price per unit achieved for a multifamily property in Asbury Park, New Jersey in well over a year according to data available from CoStar.com
Mr. Lanni commented, “We achieved a record price per unit by marketing the property widely and generating multiple offers. The property had previously been on the market with another broker, but our strategic approach created the competitive edge necessary to get it sold.”
This 6,336-square-foot property set on a 0.245-acre lot on a tree-lined street, underwent over $250,000 in capital expenditures, resulting in a value-add opportunity for the new owner. The two-story building consists of five one-bedroom and five two-bedroom units on separate utilities. Street access to each unit is only a few steps up to each entrance. Tenants share a long front porch and ample on-site parking is available to them.
Updated with sleek, modern bathrooms and kitchens, the units feature contemporary Shaker type kitchen cabinets and wall shelving; energy-efficient, stainless-steel appliances; tiled backsplashes or exposed brick walls. New laminate wood flooring is found throughout the apartments; bathrooms have clean, sharp lines with single-pole sink faucets and large-tiled, walk in showers.
Considered a walker’s paradise, the neighborhood is approximately 10 blocks from the beach and Asbury Park boardwalk; and a 15-minute walk to two New Jesey Transit commuter rail lines. Part of the chic urban attraction of Asbury Park is that along with restaurants and community art within easy walking distance, it is home to a lively, major music scene, the Garden State Film Festival, and is less than seven miles from Monmouth University and two campuses of Brookdale Community College.
Daniel Lanni joined Kislak in 2010 and is consistently among the firm’s leading producers. He specializes in the sale of multifamily and other investment properties in central New Jersey with a particular focus along the Jersey Shore. He was the recipient of the firm’s 2011 Rookie of the Year Award and was promoted to a senior vice president in 2019.
Robert Squires joined Kislak in 2003 and specializes in the sale of multifamily and other investment properties throughout New Jersey. Consistently among the firm’s leading producers, he received Kislak’s 2017 and 2016 Sima Kislak Jelin Salesperson of the Year award and its 2017 Producer of the Year award.
About The Kislak Company, Inc.
The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware, and Florida.
Now in its 119th year, Kislak was among a select group of firms recognized as a 2024 Power Broker by CoStar Group, Inc. and this was the firm’s 19th consecutive recognition. Kislak was also named by NJBIZ as a 2024 Leader in Real Estate, Construction and Design and this was the firm’s third recent recognition.
