Updated Oct 29, 2024
CTRE13 LLC Sells Manalapan SFR On South Ocean Blvd For $20.45M With Buyer's Rep Lawrence Moens & Seller's Rep Steven R. Presson & Dovi Ettedgui
1960 S Ocean Blvd, Manalapan, FL, USA
$20,450,000
$1,678/SF
Building Size
12,181 SF
Asset Type
Single Family Residence
Closing
Feb 28, 2021
About this deal
AI
The recently closed property transaction in Manalapan, located at 1960 S. Ocean Blvd, involved the sale of a Single Family Residence (SFR). The property, spanning 12,181 square feet, was sold by CTRE13 LLC for a price of $20,450,000, resulting in a price per square foot of $1,679. The transaction also encompassed a total of 3.93 acres, leading to a price per acre of $5,203,562.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $20,450,000
- Square Footage: 12,181
- Price per Square Foot: $1,679
- Acres: 3.93
- Price per Acre: $5,203,562
The deal was facilitated by Lawrence Moens of Lawrence A. Moens Associates, Inc., acting as the buyer's representative. The seller, CTRE13 LLC, was represented by Steven R. Presson & Dovi Ettedgui from The Corcoran Group.
On the Map
$20,450,000
$1,678/SF
Single Family Residence
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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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93