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1860 South Ocean Boulevard,...

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

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

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker
William Raveis Real Estate
William Raveis Real EstateBrokerage

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