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1560 South Ocean Boulevard,...

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
SOLDSingle Family Residence

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

Christopher Leavitt

Douglas Elliman

Broker

$1.3B

vol

52 deals

Broker

Ocean Ridge Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $2.3K per square foot on a published $26.2M for 11,197 square feet (2021).

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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

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