Updated Jun 25, 2026
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
About this deal
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.
Congress 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
0.67%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93