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109 Dexter Avenue North

Kidder Mathews Facilitates $15.5M Sale Of 53-Unit Borealis Apartments In Seattle
SOLDMultiFamily

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

Dylan Smith

Kidder Mathews

Broker

$15.5M

vol

3 deals

Broker
Kidder Mathews
Kidder MathewsBrokerage

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