Updated Dec 21, 2023
Steven Presson's Manalapan Single Family Sells For $30.7M With Buyer's Rep Lawrence Moens & Seller's Rep Steven Presson
1120 S Ocean Blvd, Manalapan, FL, USA
$30,700,000
$2,212/SF
Building Size
13,876 SF
Asset Type
Single Family Residence
Closing
Sep 17, 2021
About this deal
AI
A single-family property located at 1120 S Ocean Blvd in Manalapan was recently sold for a price of $30,700,000. The property, which sits on approximately 2.03 acres of land, offers a total of 13,876 square feet of living space. The sale price per square foot amounts to $2,212, indicating a considerable value for the property.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $30,700,000
- ACRES: 2.03
- PPA: $15,123,153
In this transaction, the buyer was represented by Lawrence Moens from Lawrence A. Moens Associates, Inc., while the seller was represented by Steven Presson from The Corcoran Group. Both parties played important roles in negotiating and finalizing the deal. The involvement of respected representatives in the real estate industry speaks to the significance and professionalism of the transaction.
On the Map
$30,700,000
$2,212/SF
Single Family Residence
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Players
Ocean Ridge Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.2K per square foot on a published $30.7M for 13,876 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93