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3 Murray Court

Tom Cesso Acquires Multifamily Asset From Odessit Capital In East Boston For $1.43M
SOLDMultiFamily

Tom Cesso Acquires Multifamily Asset From Odessit Capital In East Boston For $1.43M

3 Murray Court

$1,434,965

$619/SF

Building Size

2,316 SF

Asset Type

MultiFamily

Closing

Dec 21, 2025

AI

The property asset involved in this transaction is a multifamily building located at 3 Murray Court in East Boston, MA. The sale price for the property was $1,434,965, consisting of 3 units. The total square footage of the asset is 2,316, resulting in a price per unit of $478,321 and a price per square foot of $619.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,434,965
  • Units: 3
  • Square Footage: 2,316
  • Price Per Unit: $478,321
  • Price Per Square Foot: $619
  • Buyer: Tom Cesso
  • Seller: Odessit Capital
  • Buyer's Representative: Maria Cesso - Luxury Living Real Estate
  • Seller's Representative: Michael Sellers - Odessit Capital
  • Date of Transaction: 12/22/2025

The transaction involved key individuals representing both sides. Maria Cesso from Luxury Living Real Estate represented the buyer, Tom Cesso, while Michael Sellers represented the seller, Odessit Capital, in this multifamily property deal.

Players

Odessit Capital

Odessit Capital

Broker

$6.4M

vol

8 deals

Broker
Luxury Living Real Estate
Luxury Living Real EstateBrokerage
Odessit Capital
Odessit CapitalSeller

East 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

11.05%

Cash-on-Cash

-3.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93