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1120 S Ocean Blvd, Manalapa...

Steven Presson's Manalapan Single Family Sells For $30.7M With Buyer's Rep Lawrence Moens & Seller's Rep Steven Presson
SOLDSingle Family Residence

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

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.

Players

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker

Ocean Ridge Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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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