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230 Congress Street

Noam Ron And Evan Papanastasiou Of Hudson Assembly Acquire Office Building For $23.7M In Boston
SOLDOffice

Noam Ron And Evan Papanastasiou Of Hudson Assembly Acquire Office Building For $23.7M In Boston

230 Congress Street

$23,700,000

$157/SF

Building Size

151,000 SF

Asset Type

Office

Closing

Jun 24, 2026

AI

The property asset involved in this transaction is an office, retail and telecommunications building located at 230 Congress Street in Boston's Financial District. The transaction was completed at a sale price of $23,700,000, encompassing a total space of 151,000 square feet, resulting in a price per square foot of $157.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $23,700,000
  • Address: 230 Congress Street
  • Market: Boston, MA
  • Square Footage: 151,000
  • Price Per Square Foot: $157
  • Buyer: Noam Ron & Evan Papanastasiou - Hudson Assembly
  • Seller: John Kukral - Northwood Investors

This deal was facilitated by a joint venture called Hudson Assembly, which consists of Noam Ron and Evan Papanastasiou, backed by Time Equities. The transaction signifies a strategic acquisition from Northwood Investors, led by John Kukral.

Players

John Kukral

Northwood Investors

Seller

$790.3M

vol

8 deals

Seller

Congress Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93