Nobel Gulati Acquires Manalapan Single Family Home For $25.75M
Manalapan, FL, USA
$25,750,000
$2,067/SF
Building Size
12,453 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2020
AI
The sale of a single-family property in Manalapan has been completed for a price of $25,750,000. The property, which spans 27,017 square feet, was sold by Mary & Hartley D. Peavey. The buyers, Nobel Gulati and Ruchi J. Gulati of Two Sigma Advisors, acquired the property through the representation of Christian Angle from Christian Angle Real Estate. The transaction took place on August 9, 2021.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $25,750,000
- Market: Manalapan
- Buyer: Nobel Gulati; Ruchi J. Gulati - Two Sigma Advisors
- Seller: Mary & Hartley D. Peavey
- Broker: Christian Angle - Christian Angle Real Estate
Nobel Gulati and Ruchi J. Gulati of Two Sigma Advisors were the buyers in this transaction. Represented by Christian Angle from Christian Angle Real Estate, they successfully acquired the property in Manalapan. Mary & Hartley D. Peavey were the sellers in this deal. The sale, which took place on August 9, 2021, marks a significant transaction in the real estate market.
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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93