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
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