NUTLEY, NJ — The Kislak Company, Inc., announced the sale of a mixed-use building in Nutley with seven residential units and five retail spaces at 381 Centre St. for $1.885 million.
Kislak marketed the property with sales associate Tom Scatuorchio handling the assignment. Sales associate Michael Kossak represented the purchaser. Both the seller and purchaser are private investors.
“This is the second sale that I handled for this longtime owner,” said Scatuorchio. “After discussions about the evolving market and potential interest rate increases, the owner recognized it was an ideal time to sell. Our marketing efforts generated a great deal of interest among investors, and ultimately the owner proceeded with the purchaser that had submitted the highest and best offer.”
“When we market a quality building like this one in a desirable town such as Nutley, we attract significant interest from investors,” added Kossak.