Lou Popstefanos Acquires Mixed-Use Property At 450 River Drive In Garfield For $1.4M

The transaction involved a mixed-use asset located at 450 River Drive in Garfield, which was sold for $1,400,000. The property spans 19,125 square feet, resulting in a price per square foot of $73.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $1,400,000
• Square Footage: 19,125
• Price per Square Foot: $73
• Buyer: Lou Popstefanos
• Brokers: Curtis Nassau, Stephen R. Preuss Sr., Kevin Louie & Eric Delafraz - Ripco
• Date of Sale: 01/10/2025

The brokers involved in this transaction, representing the buyer, are from RIPCO Real Estate’s investment sales group. They are actively marketing several assets across various asset classes throughout New Jersey, with Kevin Louie being a point of contact for exclusive offerings and property valuations.