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
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