Updated Mar 26, 2025
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
About this deal
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.
On the Map
$5,000,000
$203/SF
MultiFamily
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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