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399 Congress Street, Boston...

David & Jessica Angstreich Acquire Multifamily Property In Boston For $5.5M
SOLDMultiFamily

David & Jessica Angstreich Acquire Multifamily Property In Boston For $5.5M

399 Congress Street, Boston, Massachusetts 02210, United States

$5,500,000

$1,296/SF

Building Size

4,242 SF

Asset Type

MultiFamily

Closing

Feb 4, 2022

AI

A multifamily property located at 399 Congress Street in Boston, MA has been sold for a total of $5,500,000. The property has a total square footage of 4,242, resulting in a price per square foot of $1,927. The transaction took place on February 5, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,500,000
  • Address: 399 Congress St
  • Market: Boston, MA

The buyer, David and Jessica Angstreich, purchased the property from PPX Properties LLC. The deal was facilitated by broker representatives Craig Brody, Allison Cameron Parry, and Ty Costa from Douglas Elliman.

Players

Craig Brody

Douglas Elliman

Broker

$75M

vol

16 deals

Broker

Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93