facebook
Traded Co logo
Submit

Mark Sherman Sells Manalapan Single Family Home For $32.5M

Property Image
SOLD
$32,500,000
Claudia Llanes
Margit Brandt
Pier Paolo Visconti
+ 1

Florida

See Similar Deals
Single Family16,000 SF
Sold 01/19/2024
the dealplayerscompscontact
Property Image
SOLD

Mark Sherman Sells Manalapan Single Family Home For $32.5M

1140 South Ocean Boulevard

See Similar Deals
Single Family16,000 SF
Sold 01/19/2024
Claudia Llanes
Margit Brandt
Pier Paolo Visconti
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,031
Total Square Footage:16,000 SF
Transaction Type:Sale

Located in Manalapan, the single-family property at 1140 South Ocean Boulevard has been sold. The property offers a spacious 16,000 square feet of living space. The sale price for this transaction was $32,500,000, with a price per square foot of $2,031.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $32,500,000
  • Address: 1140 South Ocean Boulevard
  • Market: Manalapan

In this deal, Mark Sherman acted as the seller. Margit Brandt from Premier Estate Properties served as the buyer's representative, while Pier Paolo Visconti and Claudia Llanes from Douglas Elliman represented the seller.

Players

Pier Paolo Visconti
Douglas Elliman
Pier Paolo Visconti
10 deals$195.7M volume
BROKER
Margit Brandt
Premier Estate Properties
Margit Brandt
51 deals$1.6B volume(561) 545-7386
BROKER
Claudia Llanes
Douglas Elliman
Claudia Llanes
8 deals$175.7M volume
BROKER
MS
Mark Sherman
2 deals$35M volume
SELLER

Details

SOLD
IMAGE: Claudia Llanes, Margit Brandt & Pier Paolo Visconti DATE: 01/19/2024 ADDRESS: 1140 South Ocean Boulevard MARKET: Manalapan ASSET TYPE: Single Family SELLER: Mark Sherman BUYER'S REP: Margit Brandt (@Margitbrandtpalmbeach) - Premier Estate Properties (@PremierEstateProperties) SELLER'S REP: Pier Paolo Visconti (@PierPaoloVisconti) & Claudia Llanes (@ClauDiallanes.realtor) - Douglas Elliman (@DouglasElliman) ASKING PRICE: $58,800,000 SALE PRICE: $32,500,000 SF: 16,000 ~ PPSF: $2,031

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,733,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$115,465.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$154,066.58
Annual Debt Service$1,848,798.97