Sefa Dugbazah Acquires Retail Property From Mike Delmonico In Hyde Park For $3.6M
1736 River Street
$3,602,000
$491/SF
Building Size
7,327 SF
Asset Type
Retail
Closing
May 24, 2024
AI
Located at 1736 River Street in Hyde Park, MA, this retail property spans 7,327 square feet and was sold for $3,602,000 at a price per square foot of $492. The transaction was facilitated by Dan Gardner of DMG Brokerage, representing seller Mike Delmonico, while Gabriel Azubuike of Home America Realty & Investments represented buyer Sefa Dugbazah.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,602,000
- Address: 1736 River Street
- Market: Hyde Park, MA
- Square Footage: 7,327
- Buyer: Sefa Dugbazah
- Seller: Mike Delmonico
- Buyer's Rep: Gabriel Azubuike - Home America Realty & Investments
- Seller's Rep: Dan Gardner - DMG Brokerage
Dan Gardner of DMG Brokerage and Gabriel Azubuike of Home America Realty & Investments played instrumental roles in the successful transaction of 1736 River Street. Seller Mike Delmonico was represented by Dan Gardner, while buyer Sefa Dugbazah was represented by Gabriel Azubuike. These key individuals and their respective agencies brought together the deal that culminated in the sale of the retail property.
Players
Hyde Park 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
4.40%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93