S.V.P. Tom Scatuorchio Arranges Exclusive Sale
Woodbridge, N.J., August 7, 2026 – The Kislak Company, Inc., announced the recent sale of a mixed-use building with seven residential units and one retail space at 140 East Centre Street in Nutley, Essex County, New Jersey for $1,630,000.
Kislak marketed the property on an exclusive basis with senior vice president Tom Scatuorchio handling the assignment on behalf of the seller 140 East Centre St., LLC, a longtime family owner, and he also procured the purchaser, East Centre Realty, LLC.
Mr. Scatuorchio commented, “Our marketing process generated significant investor interest and multiple competitive offers. Ultimately, this allowed us to achieve an excellent result for the seller. The purchaser proved to be the most capable and closed in a relatively short timeframe. The purchaser plans to make targeted improvements to the property while continuing to capitalize on the strength of the surrounding market.”
Built in 1922, and previously owned and operated by the same family for multiple generations, the three-story, brick building in the heart of Nutley’s thriving township, houses seven large, well-maintained apartment and one retail space at street level. A new boiler and hot water heater had been recently installed in the building, the back of which is affixed with fire escapes and complemented by onsite parking.
Located steps from restaurants, shops, schools, community amenities and Hackensack Meridian Health’s Clara Maass Medical Center, the property also lies within easy access of major highways including Routes 3 and 21, and the Garden State Parkway. With multiple New Jersey Transit bus and commuter lines within a two to seven mile radius of the property, tenants have less than a 30 minute commute to Manhattan.
The sale of this property reflects the continued, strong demand for value-add assets in well-located Northern New Jersey market.
Tom Scatuorchio joined Kislak in 2016 and specializes in the sale of multifamily and other investment properties throughout northern New Jersey. In 2017, he earned Kislak’s Rising Star award and in 2021 was promoted to vice president. In 2024, he was promoted to senior vice president in recognition of his success as an investment salesperson and his leadership within Kislak’s commercial sales and leasing division. In 2025, he was the co-recipient of the firm’s Sima Kislak Jelin Salesperson of the Year Award.
About The Kislak Company, Inc. The Kislak Company, Inc., which is headquartered in Woodbridge, New Jersey, is a leading commercial real estate brokerage firm consistently recognized for its investment sales success. Established in 1906, Kislak’s market leadership position and longevity are due to its ability to offer clients a personalized, hands-on approach, coupled with the unrivaled expertise of its long-tenured team of professionals. Kislak’s prestigious client base includes individual investors and owners, partnerships, financial institutions, and REITs. The firm’s thirty-five professionals provide comprehensive market coverage throughout New Jersey, New York, Pennsylvania, Delaware and Florida.
Now in its 120th year, Kislak was among a select group of firms recognized as a 2025 Power Broker by CoStar Group, Inc. and this was the firm’s 18th consecutive recognition. For the second consecutive year, Kislak was named by NJBIZ as one of its Leaders in Real Estate, Construction and Design in New Jersey.
