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3070 South Ocean Boulevard

Antony Hine Purchases Development Site In Manalapan For $15.1 Million With Hunter And Steven Presson As Buyer's Reps
SOLDDevelopment Site

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

Steven Presson

The Corcoran Group

Broker

$81.6M

vol

5 deals

Broker
The Corcoran Group
The Corcoran GroupBrokerage

Market Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

Loading comparables…

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