980 S. Ocean LLC Acquires 2.14 Acres Of Residential Land In Manalapan For $18.25M
980 South Ocean Boulevard, Manalapan, FL, USA
$18,250,000
$195/SF
Building Size
93,266 SF
Asset Type
Co-Op
Closing
Dec 9, 2020
About this deal
AI
A 2.14-acre piece of land located at 980 South Ocean Boulevard in Manalapan, Florida has been sold. The sale was finalized on December 10, 2020. The property is classified as residential land.
Summary of transation details
- Property Type: Land (Residential)
- Transaction Amount: $18,250,000
- Address: 980 South Ocean Boulevard, Manalapan, Florida
- Market: Manalapan
The buyer of the property is 980 S. Ocean LLC. The seller is Monica Sound Limited, represented by George Bachiashvili, Ketevan Tskhadadze, and Lasha Bakradze. The buyer was represented by Vince Spadea Jr. from Douglas Elliman, and the seller was represented by Andrew Thomka-Gazdik from Sotheby’s International Realty.
On the Map
$18,250,000
$195/SF
Co-Op
View full map
Players
Ocean Ridge Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
Visit Vincent (Vince) Spadea to view all their deals.
Browse Ocean Ridge co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93