Updated Jan 13, 2026
Osma Aljawabreh Acquires Retail Property In Paramus From Ken Konner For $5.5M
177 New Jersey Highway 17
$5,500,000
$2,038/SF
Building Size
2,698 SF
Asset Type
Retail
Closing
Jan 1, 2026
About this deal
AI
The retail asset located at 177 New Jersey Highway 17 in Paramus has a sale price of $5,500,000 and encompasses a total of 2,698 square feet, resulting in a price per square foot of $2,038.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,500,000
- Address: 177 New Jersey Highway 17
- Market: Paramus
- Buyer: Osma Aljawabreh
- Seller: Ken Konner
- Brokers: Marc Palestina, Lew Finkelstein & CJ Huter - VanRockCRE
The transaction was facilitated by brokers Marc Palestina, Lew Finkelstein, and CJ Huter, who all work for VanRockCRE, representing the buyer and seller in this deal.
On the Map
$5,500,000
$2,038/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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93