Updated Jun 12, 2026
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
About this deal
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.
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