Dennis Dyer Of Dyer Properties Acquires Multifamily Asset In Waltham For $9.95M
61 63 Crescent Street, 77 Crescent Street & 121 Ash Street
$9,950,000
$156/SF
Building Size
63,450 SF
Asset Type
MultiFamily
Closing
Jul 30, 2025
AI
The asset involved in this transaction is a multifamily property located at 61-63 Crescent Street, 77 Crescent Street, and 121 Ash Street in Waltham, MA. The sale transaction concluded at a price of $9,950,000 for a total of 30 units. The property spans a square footage of 21,150, resulting in a price per unit of $331,666 and a price per square foot of $470.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $9,950,000
- Buyer: Dennis Dyer - Dyer Properties
- Seller: Micozzi Management
- Seller's Representatives: John Flaherty, Christopher Sower, Bruce Lusa, Jonathan Bryant, Julie Regan & Mary VanNatta - Cushman & Wakefield
- Units: 30
- Square Footage: 21,150
- Price Per Unit: $331,666
- Price Per Square Foot: $470
This transaction was facilitated by a team of representatives from Cushman & Wakefield, comprising John Flaherty, Christopher Sower, Bruce Lusa, Jonathan Bryant, Julie Regan, and Mary VanNatta, working on behalf of the seller, Micozzi Management. The involvement of Dyer Properties as the buyer was pivotal in concluding the sale.
Players
Waltham 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
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93