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

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SOLD
$4,260,000

New Jersey

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Retail2,490 SF
Sold 08/22/2025
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Property Image
SOLD

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

833 New Jersey Highway 17

See Similar Deals
Retail2,490 SF
Sold 08/22/2025
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,710
Total Square Footage:2,490 SF
Transaction Type:Sale

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
11 deals$11.1M volume
BROKER

Gregory Panayoti
1 deal$4.3M volume(201) 845-6606
BROKER

Agus Holdings
BUYER

Details

SOLD
IMAGE: Adam Agus & Gregory Panayoti DATE: 08/22/2025 ADDRESS: 833 New Jersey Highway 17 MARKET: Paramus ASSET TYPE: Retail BUYER: Agus Holdings SELLER: Stephen Boswell BUYER'S REP: Adam Agus (@AdamAgus) - Booth Street SELLER'S REP: Gregory Panayoti - NIA National Realty SALE PRICE: $4,260,000 SF: 2,490 ~ PPSF: $1,710

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$227,200.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,134.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,194.57
Annual Debt Service$242,334.88