Antony Hine Purchases Development Site In Manalapan For $15.1 Million With Hunter And Steven Presson As Buyer's Reps
3070 South Ocean Boulevard
$15,100,000
$11,871/SF
Building Size
1,272 SF
Asset Type
Development Site
Closing
Jun 11, 2026
AI
The property asset involved in this transaction is a development site located at 3070 South Ocean Boulevard in the Manalapan market. The sale price for the property was $15,100,000, encompassing a total square footage of 1,272, which equates to a price per square foot of $11,871.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $15,100,000
- Address: 3070 South Ocean Boulevard
- Market: Manalapan
- Square Footage: 1,272
- Price per Square Foot: $11,871
- Buyer: Antony Hine
- Seller: Jean C Marston & Jeffrey S Lee
- Buyer's Representative: Hunter Presson & Steven Presson - The Corcoran Group
Key individuals involved in the transaction include the buyer, Antony Hine, who acquired the property from sellers Jean C Marston and Jeffrey S Lee. The transaction was represented by Hunter Presson and Steven Presson from The Corcoran Group, who acted on behalf of the buyer in this deal.
Players
Market Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.05%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93