Updated Jun 26, 2026
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
About this deal
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.
On the Map
$15,100,000
$11,871/SF
Development Site
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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