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29 South Street

Michael Byrnes Acquires Commercial Property At 29 South Street In Hudson For $1.9M
SOLDCommercial

Michael Byrnes Acquires Commercial Property At 29 South Street In Hudson For $1.9M

29 South Street

$1,900,000

$196/SF

Building Size

9,673 SF

Asset Type

Commercial

Closing

Jun 26, 2026

AI

The asset involved in this transaction is a commercial property located at 29 South Street in Hudson, MA. The sale was finalized for $1,900,000, with the property encompassing a total of 9,673 square feet. The price per square foot for this transaction amounts to $196.

Summary of transaction details:

  • Property Type: Commercial
  • Transaction Amount: $1,900,000
  • Address: 29 South Street
  • Market: Hudson, MA
  • Square Footage: 9,673
  • Price Per Square Foot: $196
  • Buyer: Michael Byrnes
  • Seller: Nick Pizzimento
  • Buyer's Representative: Devin Bailey - Byrnes Commercial
  • Seller's Representative: Jeff Similien - Venture Point Commercial Advisors (VPCA)

This transaction successfully involved key individuals in the real estate market. The buyer, Michael Byrnes, was represented by Devin Bailey from Byrnes Commercial, while the seller, Nick Pizzimento, had the representation of Jeff Similien from Venture Point Commercial Advisors (VPCA). The successful negotiation reflects the collaboration among these representatives in finalizing the deal.

Players

Jeff Similien

DMG Brokerage

Broker

$10.1M

vol

12 deals

Broker
Byrnes Commercial
Byrnes CommercialBuyer

Hudson Commercial Market Snapshot

Boundary boundary · Commercial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93