Tuccio Properties Group And Salvatore Capital Partners Purchase Retail Asset In Hingham For $1.3M
102 North Street
$1,300,000
$404/SF
Building Size
3,214 SF
Asset Type
Retail
Closing
Feb 27, 2025
AI
The retail property located at 102 North Street in Hingham, MA has a sale price of $1,300,000. The asset spans 3,214 square feet, resulting in a price per square foot of $404.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,300,000
- Buyer: Tuccio Properties Group & Salvatore Capital Partners
- Seller: Gioiosa Trust
- Broker: David Ellis
The transaction was completed on February 27, 2025, and involved key participants including Tuccio Properties Group and Salvatore Capital Partners, who acted as the buyers, while Gioiosa Trust was the seller, represented in the deal by broker David Ellis.
Players
Hingham 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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93