Sonny Kahn pays $28M for oceanfront estate in Manalapan

Developer Sonny Kahn, a founding partner at Miami-based Crescent Heights, and his wife, Suzanne, paid $28 million for an oceanfront estate in Manalapan.  The Kahns acquired the 1.6-acre property at 1200 South Ocean Boulevard about a month after selling their waterfront Miami Beach estate to developer Todd Michael Glaser and his partner, the Posner Group. They sold the 2.3-acre home at 5940 North Bay Road for $105 million.  Property records show an LLC managed by investment firm executive Nobel Gulati and his wife, Ruchi, sold the Manalapan property to Kahn and his wife, Suzanne Passi Kahn.  The 18,000-square-foot house was […]This article originally appeared on The Real Deal. Click here to read the full story.