Updated Sep 9, 2026
Adam Agus Of Agus Holdings Acquires Retail Property At 195-233 Elm Street For $11.5M
219 Elm Street
$11,500,000
$255/SF
Building Size
45,000 SF
Asset Type
Retail
Closing
May 26, 2026
About this deal
AI
The property asset involved in this transaction is a retail space located at 195-233 Elm Street in Westfield, NJ. The sale price for this asset was $11,500,000, encompassing a total square footage of 45,000, which breaks down to a price per square foot of $255.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $11,500,000
- Address: 195-233 Elm Street
- Market: Westfield, NJ
- Square Footage: 45,000
- Price per Square Foot: $255
- Buyer: Adam Agus - Agus Holdings
Adam Agus, representing Agus Holdings, is actively seeking additional value-add and core retail acquisition opportunities throughout the Tri-State area. The company invites brokers, owners, and dealmakers to connect regarding potential investment opportunities that align with their criteria.
Players
Westfield 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
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93