Corinne Anna Buckley Purchases Manalapan Oceanfront Mansion From Alan B. Miller For $18.25M
3 Ocean Lane
$18,250,000
$2,546/SF
Building Size
7,167 SF
Asset Type
Single Family
Closing
Aug 8, 2024
AI
The property involved in this transaction is a single-family home located at 3 Ocean Lane in Manalapan, occupying 0.45 acres. It has a total area of 7,167 square feet and was sold for $18,250,000, which translates to a price per square foot of $2,546.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,250,000
- Address: 3 Ocean Lane
- Market: Manalapan
- Acres: 0.45
- Square Footage: 7,167
- Price per Square Foot: $2,546
- Buyer: Corinne Anna Buckley
- Seller: Jill S. Miller; Alan B. Miller - Universal Health Services
- Buyer's Representative: Matthew Moser & Nicholas Gonzalez - Serhant
- Seller's Representative: Antonio Liguori & Pascal Liguori - Premier Estate Properties
- Lender: Axos Bank
In this transaction, buyer Corinne Anna Buckley acquired the property from sellers Jill S. Miller and Alan B. Miller, who is associated with Universal Health Services. The deal was facilitated by representatives Matthew Moser and Nicholas Gonzalez from Serhant for the buyer, while the sellers were represented by Antonio Liguori and Pascal Liguori from Premier Estate Properties.
Players
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
0.87%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93