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1160 South Ocean Boulevard,...

Casey Flannery Acquires Single Family Home In Manalapan For $28M
SOLDSingle Family Residence

Casey Flannery Acquires Single Family Home In Manalapan For $28M

1160 South Ocean Boulevard, Manalapan, FL, USA

$28,000,000

$1,394/SF

Building Size

20,075 SF

Asset Type

Single Family Residence

Closing

Jun 1, 2020

AI

A single-family property located at 1160 South Ocean Boulevard in Manalapan was recently sold for $28,000,000. The property spans across 1.7 acres and offers a total of 20,075 square feet of living space. The sale price translates to a price per square foot of $1,395, while the price per acre is approximately $16,470,588.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $28,000,000
  • Market: Manalapan
  • Address: 1160 South Ocean Boulevard

The seller of the property was Michael Cantor of Cantor Companies, while the buyer was represented by Casey Flannery from Equestrian Sotheby’s International Realty. Holly Meyer Lucas from Compass, as well as Sara Eavenson and Missy McCloskey from Douglas Elliman, acted as the seller's representatives in the deal.

Players

Holly Meyer Lucas

Compass

Broker

$101.3M

vol

7 deals

Broker

Michael Cantor

Seller

$38.4M

vol

2 deals

Seller

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

0.57%

Cash-on-Cash

-0.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93