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395 403 Washington Street

Evan Oscar Papanastasiou And Noam Ron Acquire Boston Office Property From Wells Fargo For $13M
SOLDOffice

Evan Oscar Papanastasiou And Noam Ron Acquire Boston Office Property From Wells Fargo For $13M

395 403 Washington Street

$13,000,000

$166/SF

Building Size

78,000 SF

Asset Type

Office

Closing

Mar 4, 2025

AI

The property asset involved in this transaction is located at 395-403 Washington Street in the Boston, MA market. It is categorized as an office asset with a total square footage of 78,000 and a sale price of $13,000,000, translating to a price per square foot of $166.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $13,000,000
  • Address: 395-403 Washington Street
  • Market: Boston, MA
  • Square Footage: 78,000
  • Price per Square Foot: $166
  • Buyer: Evan Oscar Papanastasiou - Assembly Investments
  • Buyer: Noam Ron - Hudson Group
  • Seller: Wells Fargo
  • Brokers: Nicholas Herz - Boston Realty Advisors
  • Brokers: Whitney Gallivan - Boston Realty Advisors

The transaction was facilitated by the brokerage team of Nicholas Herz and Whitney Gallivan from Boston Realty Advisors, representing the sale on behalf of Wells Fargo, the seller. The buyers, Evan Oscar Papanastasiou and Noam Ron, are associated with Assembly Investments and Hudson Group, respectively.

Players

Nicholas Herz

Boston Realty Advisors

Broker

$431.5M

vol

21 deals

Broker
Wells Fargo
Wells FargoSeller

Brighton Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93