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1736 River Street

Sefa Dugbazah Acquires Retail Property From Mike Delmonico In Hyde Park For $3.6M
SOLDRetail

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:

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

Dan Gardner

DMG Brokerage

Broker

$18.8M

vol

5 deals

Broker

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