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
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