Marine Rollins Of Miami Global Realty Represents Buyer In $29M Sale In Manalapan
SOLD
Florida
See Similar DealsSingle Family Residence
Sold
SOLD
Marine Rollins Of Miami Global Realty Represents Buyer In $29M Sale In Manalapan
1300 South Ocean Boulevard
See Similar DealsSingle Family Residence
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Transaction Type:Sale
A single-family residence located at 1300 South Ocean Boulevard in Manalapan was involved in a recent real estate transaction. The asset sold for a price of $29,000,000.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $29,000,000
- Address: 1300 South Ocean Boulevard
- Market: Manalapan
- Buyer's Representative: Marine Rollins - Miami Global Realty
- Seller's Representatives: Gary Pohrer - Serhant; Nick Malinosky - Douglas Elliman
The transaction featured representation by Marine Rollins, who acted for the buyer, while the seller was represented by two brokers, Gary Pohrer and Nick Malinosky, from their respective agencies. The collaboration of these brokerage firms contributed to the successful completion of the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$103,030.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$137,474.80
Annual Debt Service$1,649,697.54
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