1860 South Ocean Blvd Trust Acquires Manalapan Single Family For $26.8M
1860 S Ocean Blvd, Manalapan, FL 33462
$26,780,000
$6,170/SF
Building Size
4,340 SF
Asset Type
Single Family Residence
Closing
Jul 13, 2022
AI
The property at 1860 South Ocean Blvd in Manalapan has been sold. The single-family home sits on a spacious 2.47-acre lot. The transaction took place on 07/14/2022.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $26,780,000
- Address: 1860 South Ocean Blvd, Manalapan
- Market: Manalapan
- Acres: 2.47
The buyer of the property is the 1860 South Ocean Blvd Trust, represented by Ronald Kochman. The seller is Stephen D. & Jeanette Cohen. Lawrence Moens, from Lawrence A. Moens Associates, served as the buyer's representative in the deal. Shelly Newman, from William Raveis, represented the seller.
The property spans 4,340 square feet, resulting in a price per square foot of $6,171.
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