Paul Saunders & Senada Adzem Sell Manalapan Single Family Home For $90M
$90,000,000
$5,598/SF
Building Size
16,077 SF
Asset Type
Single Family Residence
Closing
Dec 13, 2021
AI
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
Lantana Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93