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187 Warren Street

John Della Valle Purchases Retail Property From Frank Mandaro In Jersey City For $3,025,000
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John Della Valle Purchases Retail Property From Frank Mandaro In Jersey City For $3,025,000

187 Warren Street

$3,025,000

$504/SF

Building Size

6,000 SF

Asset Type

Retail

Closing

Jun 8, 2026

AI

The property asset involved in the transaction is a retail space located at 187 Warren Street in Jersey City. The sale took place for a total price of $3,025,000. The retail space encompasses a total square footage of 6,000, resulting in a price per square foot of $504.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,025,000
  • Address: 187 Warren Street
  • Market: Jersey City
  • Buyer: John Della Valle
  • Seller: Frank Mandaro
  • Broker: Bobby Antonicello Jr., CCIM - Grid Real Estate

Bobby Antonicello Jr., CCIM from Grid Real Estate represented the buyer, John Della Valle, in this transaction. The broker played a vital role in facilitating the sale between the buyer and the seller, Frank Mandaro, ensuring the deal was successfully closed.

Players

Bobby Antonicello Jr., CCIM

Grid Real Estate

Broker

$250.4M

vol

19 deals

Broker

Jersey City Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93