Updated Oct 29, 2024
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.
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
0.60%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93