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

Property Image
SOLD
$5,500,000
Ty Costa
Allison Cameron Parry
Craig Brody

Massachusetts

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MultiFamily4,242 SF
Sold 02/05/2022
the dealplayerscompscontact
Property Image
SOLD

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

399 Congress Street, Boston, Massachusetts 02210, United States

See Similar Deals
MultiFamily4,242 SF
Sold 02/05/2022
Ty Costa
Allison Cameron Parry
Craig Brody
the dealplayerscompscontact
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$1,296
Total Square Footage:4,242 SF
Transaction Type:Sale

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
Craig Brody
16 deals$75M volume
BROKER
Allison Cameron Parry
Douglas Elliman
Allison Cameron Parry
3 deals$19.2M volume
BROKER
Ty Costa
William Raveis Real Estate
Ty Costa
1 deal$5.5M volume
BROKER

Details

SOLD
IMAGE: Craig Brody, Allison Cameron Parry & Ty Costa DATE: 02/05/2022 ADDRESS: 399 Congress St MARKET: Boston, MA ASSET TYPE: Multifamily BUYER: David & Jessica Angstreich SELLER: PPX Properties LLC BROKER: Craig Brody (@BrodyRealEstate), Allison Cameron Parry (@IslandLuxRE), Ty Costa (@tyecosta ) - Douglas Elliman (@DouglasElliman) (@DouglasEllimanMassachusetts) SALE PRICE: $5,500,000 SF: 4,242 ~ PPSF: $1,927

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67