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57 M Street

George Katis Acquires Multifamily Property At 57 M Street South Boston For $2.3M
SOLDMultiFamily

George Katis Acquires Multifamily Property At 57 M Street South Boston For $2.3M

57 M Street

$2,300,000

$329/SF

Building Size

6,989 SF

Asset Type

MultiFamily

Closing

Jun 12, 2025

AI

The property asset involved in this transaction is a multifamily building located at 57 M Street in South Boston, MA. It was sold for $2,300,000, encompassing a total square footage of 6,989, translating to a price per square foot of $329.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 57 M Street
  • Market: South Boston, MA
  • Square Footage: 6,989
  • Price Per Square Foot: $329
  • Buyer: George Katis
  • Seller: Brendan McNamara
  • Brokers: Ryan Quinn & John Federico - Grove Property Group

This transaction was facilitated by brokers Ryan Quinn and John Federico, who represent Grove Property Group. The buyer of the property is George Katis, while the seller is Brendan McNamara.

Players

John Federico

Grove Property Group

Broker

$189.6M

vol

54 deals

Broker
Grove Property Group
Grove Property GroupBrokerage

South Boston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93