Paul Saunders & Senada Adzem Sell Manalapan Single Family Home For $90M
SOLD
Florida
See Similar DealsSingle Family Residence16,077 SF
Sold 12/13/2021
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.
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Deal Type
30 years
10 years
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
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