Updated Sep 5, 2024
Kimberly Caccavo Acquires Manalapan Single Family Home For $10.5M
71 Curlew Rd Lantana, FL 33462, USA
$10,500,000
$1,532/SF
Building Size
6,850 SF
Asset Type
Single Family
Closing
Dec 1, 2022
About this deal
AI
The single-family property located at 71 Curlew Road in Manalapan has been sold for $10,500,000. The transaction took place on 12/01/2022. The property spans 6,850 square feet, resulting in a price per square foot of $1,533. The buyer of the property is Kimberly Caccavo from Face Your Grace and James Caccavo from Steelpoint Capital Partners. The seller of the property is Stephen Varga. The deal was facilitated by brokers Nick Malinosky and Randy Ely from the Randy & Nick Team at Douglas Elliman.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $10,500,000
- Date: 12/01/2022
- Address: 71 Curlew Road
- Market: Manalapan
- Buyer: Kimberly Caccavo from Face Your Grace; James Caccavo from Steelpoint Capital Partners
- Seller: Stephen Varga
- Brokers: Nick Malinosky and Randy Ely from the Randy & Nick Team at Douglas Elliman
- Property Size: 6,850 square feet
- Price per Square Foot: $1,533
Nick Malinosky and Randy Ely, from the Randy & Nick Team at Douglas Elliman, played a crucial role in facilitating the sale of the property on Curlew Road. Their expertise in the Manalapan market and their dedication to providing top-notch service to their clients were essential in ensuring a successful transaction.
Players
Lantana Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $10.5M for 6,850 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93