Douglas Elliman Acquires Manalapan SFR For $16.5M With Buyer's Rep Vincent Vince Spadea
3060 S Ocean Blvd, Manalapan, FL 33462
$16,500,000
$5,012/SF
Building Size
3,292 SF
Asset Type
Single Family Residence
Closing
Jul 11, 2023
AI
A single-family residence located at 3060 S Ocean Blvd in Manalapan has been sold for $16,500,000. The property spans 3,292 square feet, resulting in a price per square foot of $5,012. The transaction took place on July 11, 2023.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,500,000
- Address: 3060 S Ocean Blvd
- Market: Manalapan
Vincent "Vince" Spadea of Douglas Elliman represented the buyer in this transaction. As the buyer's representative, Spadea played a crucial role in negotiating and closing the deal. The involvement of a seasoned real estate professional like Spadea highlights the importance of expert guidance in high-value transactions.
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93