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Kidder Mathews Facilitates $15.5M Sale Of 53-Unit Borealis Apartments In Seattle
SOLD
Washington
See Similar DealsMultiFamily
Sold 11/26/2025
SOLD
Kidder Mathews Facilitates $15.5M Sale Of 53-Unit Borealis Apartments In Seattle
109 Dexter Avenue North
See Similar DealsMultiFamily
Sold 11/26/2025
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The transaction involved Borealis Apartments, a 53-unit multifamily property located at 109 Dexter Avenue North in Seattle, WA. The property was sold for $15,500,000, resulting in a price per unit of $292,453.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $15,500,000
- Units: 53
- Price per Unit: $292,453
- Market: Seattle, WA
Kidder Mathews facilitated the sale, representing both the undisclosed buyer and seller in this transaction. The brokers involved were Dylan Smith, Jerrid Anderson, and JD Fuller from Kidder Mathews.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$826,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$55,068.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$73,477.91
Annual Debt Service$881,734.89
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