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833 New Jersey Highway 17

Agus Holdings Acquires Retail Property In Paramus From Stephen Boswell For $4.26M
SOLDRetail

Agus Holdings Acquires Retail Property In Paramus From Stephen Boswell For $4.26M

833 New Jersey Highway 17

$4,260,000

$1,710/SF

Building Size

2,490 SF

Asset Type

Retail

Closing

Aug 21, 2025

AI

The property asset involved in the transaction is a retail space located at 833 New Jersey Highway 17 in Paramus. The total sale price for the asset was $4,260,000, encompassing an area of approximately 2,490 square feet, resulting in a price per square foot of $1,710.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $4,260,000
  • Address: 833 New Jersey Highway 17
  • Market: Paramus
  • Square Footage: 2,490
  • Price Per Square Foot: $1,710
  • Buyer: Agus Holdings
  • Seller: Stephen Boswell
  • Buyer's Representative: Adam Agus - Booth Street
  • Seller's Representative: Gregory Panayoti - NIA National Realty

The transaction highlighted key representatives in the real estate market, with Adam Agus from Booth Street representing the buyer Agus Holdings, while Gregory Panayoti from NIA National Realty represented the seller Stephen Boswell. This deal was facilitated through their professional expertise in the retail sector.

Players

Adam Agus

Booth Street

Broker

$11.1M

vol

11 deals

Broker
Agus Holdings
Agus HoldingsBuyer

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

3.72%

Cash-on-Cash

-1.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93