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
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.
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