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Dennis Dyer Of Dyer Properties Acquires Multifamily Asset In Waltham For $9.95M

Property Image
SOLD
$9,950,000
Julie Regan
Jon Bryant
+ 3

Massachusetts

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MultiFamily63,450 SF
Sold 07/31/2025
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Property Image
SOLD

Dennis Dyer Of Dyer Properties Acquires Multifamily Asset In Waltham For $9.95M

61 63 Crescent Street, 77 Crescent Street & 121 Ash Street

See Similar Deals
MultiFamily63,450 SF
Sold 07/31/2025
Julie Regan
Jon Bryant
+ 3
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$156
Total Square Footage:63,450 SF
Transaction Type:Sale

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:

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

Bruce Lusa
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

Cushman & Wakefield
BROKERAGE

Details

SOLD
IMAGE: John Flaherty, Christopher Sower, Bruce Lusa, Jonathan Bryant, Julie Regan & Mary VanNatta DATE: 7/31/2025 ADDRESS: 61-63 Crescent Street, 77 Crescent Street & 121 Ash Street MARKET: Waltham, MA ASSET TYPE: Multifamily BUYER: Dennis Dyer - Dyer Properties SELLER: Micozzi Management SELLER'S REP: John Flaherty (@J_Flaherty5), Christopher Sower (@CSower1), Bruce Lusa, Jonathan Bryant (@Jay_Bry1__), Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $9,950,000 UNITS: 30 ~ PPU: $331,666 SF: 21,150 ~ PPSF: $470

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$530,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$35,350.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,168.08
Annual Debt Service$566,016.92