Pat Tortorello Acquires Retail Property From Nick Conforti In West Caldwell For $2.5M
811 Passaic Avenue
$2,500,000
$500/SF
Building Size
5,000 SF
Asset Type
Retail
Closing
May 8, 2025
AI
The retail asset located at 811 Passaic Avenue in West Caldwell has a sale price of $2,500,000. The property encompasses 5,000 square feet and has a price per square foot of $500.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 811 Passaic Avenue
- Market: West Caldwell
- SF: 5,000
- PPSF: $500
- Buyer: Pat Tortorello
- Seller: Nick Conforti
- Broker: Roman Drukarov - Berkshire Hathaway HomeServices
This transaction involves Pat Tortorello as the buyer and Nick Conforti as the seller, with Roman Drukarov representing the interests of the buyer in this deal through Berkshire Hathaway HomeServices.
West Caldwell 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93