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
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