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Shelly Newman Sells Single Family Home In Manalapan For $26.8M

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SOLD
$26,775,000

Florida

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Single Family Residence5,918 SF
Sold 07/08/2022
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Property Image
SOLD

Shelly Newman Sells Single Family Home In Manalapan For $26.8M

1860 South Ocean Boulevard, Manalapan, Florida 33462, United States

See Similar Deals
Single Family Residence5,918 SF
Sold 07/08/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$4,524
Total Square Footage:5,918 SF
Transaction Type:Sale

The single-family property located at 1860 S. Ocean Blvd in Manalapan has been sold for $26,775,000. The property offers a total living area of 5,918 square feet, resulting in a price per square foot of $4,524. The sale was closed on 07/08/2022.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $26,775,000
  • Square Footage: 5,918
  • Price per Square Foot: $4,524
  • Address: 1860 S. Ocean Blvd, Manalapan
  • Seller: Stephen D. Cohen
  • Buyer's Representative: Lawrence Moens - Lawrence A. Moens
  • Seller's Representative: Shelly Newman - William Raveis South Florida

Lawrence Moens, from Lawrence A. Moens, acted as the buyer's representative in this transaction. Shelly Newman, representing William Raveis South Florida, served as the seller's representative. Both played integral roles in facilitating the successful sale of the property.

Players

64 deals$2.4B volume(561) 655-5510
BROKER

Shelly Newman
10 deals$257.8M volume(612) 860-4599
BROKER

William Raveis Real Estate
BROKERAGE

Details

SOLD
IMAGE: Shelly Newman DATE: 07/08/2022 ADDRESS: 1860 S. Ocean Blvd MARKET: Manalapan ASSET TYPE: Single Family SELLER: Stephen D. Cohen BUYER'S REP: Lawrence Moens - Lawrence A. Moens SELLER'S REP: Shelly Newman - William Raveis South Florida SALE PRICE: $26,775,000 SF: 5,918 ~ PPSF: $4,524

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,428,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$95,125.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$126,927.16
Annual Debt Service$1,523,125.92