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1140 South Ocean Boulevard

Mark Sherman Sells Manalapan Single Family Home For $32.5M
SOLDSingle Family

Mark Sherman Sells Manalapan Single Family Home For $32.5M

1140 South Ocean Boulevard

$32,500,000

$2,031/SF

Building Size

16,000 SF

Asset Type

Single Family

Closing

Jan 19, 2024

AI

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

Broker

$195.7M

vol

10 deals

Broker

Mark Sherman

Seller

$35M

vol

2 deals

Seller

Lantana Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93