Pat Tortorello Acquires Retail Property From Nick Conforti In West Caldwell For $2.5M
SOLD
$2,500,000
New Jersey
See Similar DealsRetail5,000 SF
Sold 05/09/2025
SOLD
Pat Tortorello Acquires Retail Property From Nick Conforti In West Caldwell For $2.5M
811 Passaic Avenue
See Similar DealsRetail5,000 SF
Sold 05/09/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$500
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
Is there something missing? Send suggestions