Updated Nov 28, 2025
Joel Adelantar Purchases Multifamily Property From Johnny Vanagas In Maplewood For $1.195M
18 Meadowbrook Road
$1,195,000
$373/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Oct 28, 2025
About this deal
AI
This multifamily asset located at 18 Meadowbrook Road in Maplewood consists of 2 units and spans 3,200 square feet. The sale price was $1,195,000, resulting in a price per unit of $597,500 and a price per square foot of $373.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,195,000
- Units: 2
- Square Footage: 3,200
- Price per Unit: $597,500
- Price per Square Foot: $373
- Buyer: Joel Adelantar
- Seller: Johnny Vanagas
- Broker: Jonathan J. Cardona - Keller Williams City Views
Jonathan J. Cardona represented the broker in this transaction, facilitating the deal between the buyer, Joel Adelantar, and the seller, Johnny Vanagas. This sale is noted as one of the record-breaking transactions in the area.
On the Map
$1,195,000
$373/SF
MultiFamily
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Maplewood 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
13.27%
Cash-on-Cash
-3.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93