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Joel Adelantar Purchases Multifamily Property From Johnny Vanagas In Maplewood For $1.195M

Property Image
SOLD
$1,195,000

New Jersey

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MultiFamily3,200 SF
Sold 10/29/2025
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Property Image
SOLD

Joel Adelantar Purchases Multifamily Property From Johnny Vanagas In Maplewood For $1.195M

18 Meadowbrook Road

See Similar Deals
MultiFamily3,200 SF
Sold 10/29/2025
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:MultiFamily
Price Per Square Foot:$373
Total Square Footage:3,200 SF
Transaction Type:Sale

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.

Players

Jonathan J Cardona
Keller Williams Realty
Jonathan J Cardona
2 deals$2.3M volume(347) 612-2803
BROKER
Keller Williams Realty
Keller Williams Realty
BROKERAGE

Details

SOLD
IMAGE: Jonathan J. Cardona DATE: 10/29/2025 ADDRESS: 18 Meadowbrook Road MARKET: Maplewood ASSET TYPE: Multifamily BUYER: Joel Adelantar SELLER: Johnny Vanagas BROKER: Jonathan J. Cardona (@Jonathanrealestate1) (@TheNunezGroup) - Keller Williams City Views (@KWCityViews) SALE PRICE: $1,195,000 UNITS: 2 ~ PPU: $597,500 SF: 3,200 ~ PPSF: $373 NOTE FROM BROKER: One of the record-breaking sales! This renovated 2-family is a game changer in Maplewood, NJ.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,245.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,664.91
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