Larry Ellison Acquires Land At 1960 South Ocean Boulevard For $34.4M With Nicholas Malinosky

The property asset involved in this transaction is land located at 1960 South Ocean Boulevard in the South Parcel market. The sale price of the land is $34,400,000, encompassing a total square footage of 93,654, which results in a price per square foot of $367.

Summary of transaction details:

• Property Type: Land
• Transaction Amount: $34,400,000
• Buyer: Larry Ellison
• Seller: Stewart Satter
• Broker: Nicholas Malinosky - Douglas Elliman
• Square Footage: 93,654
• Price Per Square Foot: $367

This transaction was facilitated by broker Nicholas Malinosky of Douglas Elliman, representing seller Stewart Satter. The sale marks a significant event in Manalapan's real estate landscape, bringing to a close the negotiations surrounding a highly sought-after oceanfront parcel that has garnered considerable attention.