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Nobel Gulati Acquires Manalapan Single Family Home For $25.75M

Property Image
SOLD
$25,750,000
Christian Angle

Florida

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Single Family Residence12,453 SF
Sold 08/09/2020
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Property Image
SOLD

Nobel Gulati Acquires Manalapan Single Family Home For $25.75M

Manalapan, FL, USA

See Similar Deals
Single Family Residence12,453 SF
Sold 08/09/2020
Christian Angle
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,067
Total Square Footage:12,453 SF
Transaction Type:Sale

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

64 deals$2.4B volume(561) 655-5510
BROKER

Christian Angle
98 deals$2.7B volume(561) 659-6551
BROKER

Shelly Newman
The Corcoran Group
10 deals$257.8M volume(612) 860-4599
BROKER

William Raveis Real Estate
BROKERAGE

Details

SOLD
IMAGE: Christian Angle & Nobel Gulati DATE: 08/09/2021 MARKET: Manalapan ASSET TYPE: Single Family BUYER: Nobel Gulati; Ruchi J. Gulati - Two Sigma Advisors SELLER: Mary & Hartley D. Peavey BROKER: Christian Angle - Christian Angle Real Estate SALE PRICE: $25,750,000 SF: 27,017 ~ PPSF: $953

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

$1,373,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$91,484.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$122,068.14
Annual Debt Service$1,464,817.64