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Paul Saunders & Senada Adzem Sell Manalapan Single Family Home For $90M

Property Image
SOLD
$90,000,000

Florida

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Single Family Residence16,077 SF
Sold 12/13/2021
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Property Image
SOLD

Paul Saunders & Senada Adzem Sell Manalapan Single Family Home For $90M

Single Family Residence16,077 SF
Sold 12/13/2021
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$5,598
Total Square Footage:16,077 SF
Transaction Type:Sale

The property involved in this closed transaction is a single family home located in Manalapan. It sits on a spacious land with approximately 2.2 acres. The transaction took place on 12/13/2021 in the Manalapan market.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $90,000,000
  • Square Footage: 16,077
  • Price Per Square Foot: $5,598

The seller of the property is Victoria Saunders, who is associated with James River Capital Corp. Additionally, Paul Saunders, representing James River Capital Corp, was involved in the sale. The broker for this transaction was Senada Adzem from Douglas Elliman.

Players

Senada Adzem
28 deals$657.6M volume
BROKER

Victoria Saunders
4 deals$221.8M volume
SELLER

Paul H. Saunders
4 deals$221.8M volume
SELLER

Details

SOLD
IMAGE: Paul Saunders & Senada Adzem DATE: 12/13/2021 MARKET: Manalapan ASSET TYPE: Single Family ~ ACRES: 2.2 SELLER: Victoria Saunders; Paul Saunders - James River Capital Corp. BROKER: Senada Adzem - Douglas Elliman SALE PRICE: $90,000,000 SF: 16,077 ~ PPSF: $5,598

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$4,800,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$319,750.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$426,645.92
Annual Debt Service$5,119,750.99