1860 South Ocean Blvd Trust Acquires Manalapan Single Family For $26.8M
SOLD
Florida
See Similar DealsSingle Family Residence4,340 SF
Sold 07/14/2022
SOLD
1860 South Ocean Blvd Trust Acquires Manalapan Single Family For $26.8M
1860 S Ocean Blvd, Manalapan, FL 33462
See Similar DealsSingle Family Residence4,340 SF
Sold 07/14/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$6,170
Total Square Footage:4,340 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,428,266.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,143.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$126,950.86
Annual Debt Service$1,523,410.35
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