Updated Oct 7, 2026
Paul Karger Acquires Single Family Home At 35 Spoonbill Road Manalapan For $17.25M
35 Spoonbill Road
$17,250,000
$2,368/SF
Building Size
7,284 SF
Asset Type
Single Family Residence
Closing
Sep 28, 2026
About this deal
AI
The property asset involved in this transaction is located at 35 Spoonbill Road in Manalapan. It is a single-family home that spans 7,284 square feet and was sold for a price of $17,250,000, resulting in a price per square foot of $2,368.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $17,250,000
- Address: 35 Spoonbill Road
- Market: Manalapan
- Square Footage: 7,284
- Price Per Square Foot: $2,368
- Buyer's Name: Paul Karger
- Buyer's Representative: Chad Carroll - The Chad Carroll Group
- Seller's Representative: Gary Pohrer - Serhant
- Photographers: Giles Bradford & Ron Rosenzweig
This transaction featured the collaboration of key individuals, including buyer Paul Karger, represented by Chad Carroll from The Chad Carroll Group, while the seller was represented by Gary Pohrer from Serhant. The involvement of photographers Giles Bradford and Ron Rosenzweig contributed to the documentation of the sale.
On the Map
$17,250,000
$2,368/SF
Single Family Residence
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Players
Lantana Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $17.3M for 7,284 square feet (2026).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.92%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93