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
Lantana Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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