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

Property Image
SOLD
$1,400,000
Eric Delafraz
Kevin Louie
Stephen R. Preuss Sr.
+ 1

New Jersey

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Mixed-use19,125 SF
Sold 01/10/2025
the dealplayerscompscontact
Property Image
SOLD

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

450 River Drive

See Similar Deals
Mixed-use19,125 SF
Sold 01/10/2025
Eric Delafraz
Kevin Louie
Stephen R. Preuss Sr.
+ 1
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$73
Total Square Footage:19,125 SF
Transaction Type:Sale

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:

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.

Players

Kevin Louie
Ripco
Kevin Louie
125 deals$1B volume(718) 663-2642
BROKER
Stephen R. Preuss Sr.
Ripco
Stephen R. Preuss Sr.
258 deals$2B volume(718) 663-2639
BROKER
Eric Delafraz
Bridge Advisory Group
Eric Delafraz
20 deals$51.2M volume(516) 477-5951
BROKER
Curtis Nassau
Ripco
Curtis Nassau
2 deals$1.4M volume(917) 940-2789
BROKER

Details

SOLD
IMAGE: Curtis Nassau, Stephen R. Preuss Sr., Kevin Louie & Eric Delafraz DATE: 01/10/2025 ADDRESS: 450 River Drive MARKET: Garfield ASSET TYPE: Mixed-use BUYER: Lou Popstefanos BROKERS: Curtis Nassau, Stephen R. Preuss Sr. (@RipcoInvestmentSales), Kevin Louie (@Kevin.Louie_investment_sales) & Eric Delafraz (@Edcommercialre) - Ripco (@RipcoRealEstate) SALE PRICE: $1,400,000 SF: 19,125 ~ PPSF: $73 NOTE FROM BROKER: RIPCO Real Estate’s investment sales group is actively marketing several assets within all asset classes throughout New Jersey. Please contact Kevin Louie at [email protected] for our list of exclusive offerings or a confidential and complimentary Broker Opinion of Value for your property.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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