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
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