Updated May 12, 2025
Fanta Dicko Purchases Multifamily Property From Tony Vijayan For $999,999 In Jersey City
18 Manning Avenue
$999,999
$303/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Apr 28, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily home located at 18 Manning Avenue, Jersey City. The sale price of the property was $999,999, featuring 2 units spread across 3,300 square feet. The price per unit stands at $499,999, while the price per square foot is $303.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $999,999
- Address: 18 Manning Avenue
- Market: Jersey City
- Units: 2
- Square Footage: 3,300
- Price Per Unit: $499,999
- Price Per Square Foot: $303
- Buyer: Fanta Dicko
- Seller: Tony Vijayan
- Broker: Charlaine Mercado - Sotheby's International Realty
This transaction highlights the involvement of Charlaine Mercado as the broker representing the seller, Tony Vijayan. The deal's buyer, Fanta Dicko, acquired a property situated in a growing area, which has potential for an Additional Dwelling Unit (ADU). The property benefits from three parking spaces, including two covered garages, enhancing its appeal in the market.
Jersey City MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93