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200 West Sixth Street

Youssef Botr Acquires 25 Unit Multifamily Property In South Boston From North Main Investments For $5M
SOLDMultiFamily

Youssef Botr Acquires 25 Unit Multifamily Property In South Boston From North Main Investments For $5M

200 West Sixth Street

$5,000,000

$203/SF

Building Size

24,624 SF

Asset Type

MultiFamily

Closing

Mar 19, 2025

AI

The property at 200 West Sixth Street, located in the South Boston market, is a multifamily asset consisting of 25 units and spanning 24,624 square feet. This transaction was completed for a total price of $5,000,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $5,000,000.00
  • Address: 200 West Sixth Street
  • Market: South Boston
  • Units: 25
  • Square Footage: 24,624
  • Buyer: Youssef Botr
  • Seller: North Main Investments
  • Broker: Josh Morris - New England Apartment Group

This transaction involved significant representation, with Josh Morris from New England Apartment Group acting as the broker for North Main Investments, the seller. The deal showcases the dynamics of the multifamily market in South Boston and highlights the involvement of key industry players.

Players

Josh Morris

New England Apartment Group

Broker

$21.5M

vol

5 deals

Broker

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93