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Manalapan

Updated Oct 29, 2024

1300 South Ocean LLC Acquires Manalapan Single Family For $26.25M
SOLDSingle Family

1300 South Ocean LLC Acquires Manalapan Single Family For $26.25M

$26,250,000

$4,164/SF

Building Size

6,304 SF

Asset Type

Single Family

Closing

Jan 14, 2022

About this deal

AI

A single-family home located in Manalapan, spanning across 1.34 acres, was recently sold for $26,250,000. The property, with a total area of 6,304 square feet, was purchased by 1300 South Ocean LLC. The transaction was facilitated by Christian Angle, a representative from Christian Angle Real Estate. The sale price of $26,250,000 equates to a price per square foot of $4,164.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $26,250,000
  • Market: Manalapan
  • Acres: 1.34
  • Buyer: 1300 South Ocean LLC
  • Seller: Patricia Orleans Siegal, Clarisse Zalcman, Kenneth Schatz & Jeffrey Orleans
  • Broker: Christian Angle - Christian Angle Real Estate
  • Square Feet: 6,304
  • Price per Square Foot: $4,164

The sale of this single-family home in Manalapan involved the buyers, 1300 South Ocean LLC, and the sellers, Patricia Orleans Siegal, Clarisse Zalcman, Kenneth Schatz & Jeffrey Orleans. Christian Angle, representing Christian Angle Real Estate, played a crucial role in facilitating the transaction. The property spans over 1.34 acres and offers a total area of 6,304 square feet. The sale price of $26,250,000 translates to a price per square foot of $4,164.

Players

Christian Angle

Christian Angle Real Estate

Broker

$2.8B

vol

101 deals

Broker

Lantana Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

About $4.2K per square foot on a published $26.3M for 6,304 square feet (2022).

Visit Christian Angle to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.60%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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