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1860 S Ocean Blvd, Manalapa...

1860 South Ocean Blvd Trust Acquires Manalapan Single Family For $26.8M
SOLDSingle Family Residence

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

Lawrence Moens

Broker

$2.4B

vol

64 deals

Broker
William Raveis Real Estate
William Raveis Real EstateBrokerage

Ronald Kochman

Buyer

$50.9M

vol

3 deals

Buyer

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