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61 63 Crescent Street

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

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:

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

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Waltham 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

1.59%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93