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18 Manning Avenue

Updated May 12, 2025

Fanta Dicko Purchases Multifamily Property From Tony Vijayan For $999,999 In Jersey City
SOLDMultiFamily

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:

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.

Players

Charlaine Mercado

Sotheby's International Realty

Broker

$9.3M

vol

7 deals

Broker

Jersey City MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $303 per square foot on a published $1M for 3,300 square feet (2025).

Visit Charlaine Mercado to view all their deals.

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

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