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1229 River Street

Dana Family Leases Retail Space At 1229 River Street To Resplandor Co-Op In Hyde Park
LEASEDRetail

Dana Family Leases Retail Space At 1229 River Street To Resplandor Co-Op In Hyde Park

1229 River Street

$25

$25/SF

Building Size

2,023 SF

Asset Type

Retail

Closing

Jan 22, 2026

AI

The retail asset located at 1229 River Street, Hyde Park, MA, has a square footage of 2,023 and is under a NNN Lease. The asking rent for the property is set at $25 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $25/ft
  • Address: 1229 River Street
  • Market: Hyde Park, MA
  • Landlord: Dana Family
  • Tenant: Resplandor Co-Op
  • Landlord's Representative: Jeff Similien - DMG Brokerage
  • Tenant's Representative: Laura Similien - DMG Brokerage

This transaction reflects the collaboration of Jeff Similien and Laura Similien from DMG Brokerage, who represented the landlord and tenant, respectively, facilitating the leasing agreement between the Dana Family and Resplandor Co-Op.

Players

Jeff Similien

DMG Brokerage

Broker

$8.2M

vol

11 deals

Broker
Jeff Similien

Jeff Similien

Landlord

$8.2M

vol

11 deals

Landlord
Laura Similien

Laura Similien

Tenant

$2.2M

vol

4 deals

Tenant

Hyde Park Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93