Shelly Newman Sells Single Family Home In Manalapan For $26.8M
1860 South Ocean Boulevard, Manalapan, Florida 33462, United States
$26,775,000
$4,524/SF
Building Size
5,918 SF
Asset Type
Single Family Residence
Closing
Jul 7, 2022
AI
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
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93