Kidder Mathews Facilitates $15.5M Sale Of 53-Unit Borealis Apartments In Seattle
109 Dexter Avenue North
$15,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Nov 26, 2025
AI
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
Seattle 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93