Updated Oct 29, 2024
1560 South Ocean Boulevard In Manalapan Sells For $26.2M With Buyer's Rep Chris Leavitt & Seller's Rep John O. Pickett III & Cathay Casella
1560 South Ocean Boulevard, Manalapan, FL, USA
$26,200,000
$2,339/SF
Building Size
11,197 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2021
About this deal
AI
The recently closed property transaction took place in Manalapan, specifically at 1560 South Ocean Boulevard. This transaction involved the sale of a single-family residential property. The property spans a total area of 11,197 square feet, with a price per square foot of $2,340. The property sits on a sizable lot measuring approximately 1.37 acres. The transaction was completed on 03/01/2021, and the sale price for the property was $26,200,000. The buyer was a company known as 1560 LLC, while the seller was Sarah&Co LLC.
Summary of transaction details
- Property Type: Single-family residential (SFR)
- Transaction Amount: $26,200,000
- Address: 1560 South Ocean Boulevard
- Market: Manalapan
- Size: 11,197 sq ft
- Price per Square Foot: $2,340
- Lot Size: 1.37 acres
- Buyer: 1560 LLC
- Seller: Sarah&Co LLC
Representing the buyer in this transaction was Chris Leavitt of Douglas Elliman. On the other side, John O. Pickett III and Cathay Casella, both from Brown Harris Stevens, acted as the representatives for the seller. These individuals played crucial roles in facilitating the successful completion of the sale in the Manalapan market.
Players
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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93