Updated Oct 15, 2026
Van Rock Properties Acquires Retail Property In Paramus, NJ For $6.2M
163 New Jersey Highway 17
$6,200,000
$435/SF
Building Size
14,230 SF
Asset Type
Retail
Closing
Sep 30, 2022
About this deal
AI
A retail property located at 163 NJ-17 in Paramus, NJ has been sold for a price of $6,200,000. The property spans 14,230 square feet, resulting in a price per square foot of $436. The transaction took place on September 30, 2022. The buyer of the property is Van Rock Properties, while the seller is R & P Bomardieri.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,200,000
- Square Footage: 14,230
- Price per Square Foot: $436
- Address: 163 NJ-17, Paramus, NJ
- Market: Paramus, NJ
Lew Finkelstein, representing The Goldstein Group, acted as the buyer's representative for Van Rock Properties in this transaction. Greg Panayoti, from NIA Realty, represented the seller, R & P Bomardieri.
On the Map
$6,200,000
$435/SF
Retail
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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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93