East 123 Route 4 LLC Acquires Retail Property In Paramus, NJ For $1.87M
117 E State Rt 4, Paramus, New Jersey 07652, United States
$1,870,000
$287/SF
Building Size
6,500 SF
Asset Type
Retail
Closing
Jan 23, 2022
AI
The retail property located at 117 Route 4 W. in Paramus, NJ was recently sold in a transaction. The property spans approximately 6,500 square feet and was sold for a price of $1,870,000. The sale price equates to a price per square foot of $288. The transaction took place on January 24, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,870,000
- Address: 117 Route 4 W., Paramus, NJ
- Market: Paramus, NJ
The buyer of the property is East 123 Route 4 LLC, while the seller is 117 E Route 4 West LLC. Bobby Antonicello Jr. and Mirlinda Erbeli from Grid Real Estate LLC represented the buyer in the deal, while Davis Briones from The Kislak Company represented the seller.
It is worth noting that the transaction was completed with an all-cash payment. Davis Briones from The Kislak Company Inc. represented the seller, and Bobby Antonicello Jr. and Mirlinda Erbeli from Grid Real Estate LLC represented the buyer.
Players
Paramus 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
8.48%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93