Christian Redondo Of NUNU Realty Represents Buyer In $28 Million Sale In Manalapan
SOLD
$28,000,000
Florida
See Similar DealsSingle Family Residence17,963 SF
Sold 08/05/2025
SOLD
Christian Redondo Of NUNU Realty Represents Buyer In $28 Million Sale In Manalapan
1200 South Ocean Boulevard
See Similar DealsSingle Family Residence17,963 SF
Sold 08/05/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,558
Total Square Footage:17,963 SF
Transaction Type:Sale
The property asset involved in this transaction is a single-family home located at 1200 South Ocean Boulevard in Manalapan. The sale price was $28,000,000, with a total square footage of 17,963 and a price per square foot of $1,558.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $28,000,000
- Address: 1200 South Ocean Boulevard
- Market: Manalapan
- Square Footage: 17,963
- Price per Square Foot: $1,558
- Buyer's Representative: Christian Redondo - NUNU Realty
- Seller's Representatives: Seth Benkaddour & Nicholas Younker - William Raveis Real Estate
Christian Redondo represented the buyer in this transaction while Seth Benkaddour and Nicholas Younker represented the seller. Their involvement highlights the dual representation from distinct real estate agencies in this high-value sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,493,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$99,478.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$132,734.28
Annual Debt Service$1,592,811.42
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