Updated Oct 15, 2026
Cadence Real Estate Advisors Acquires 132-Unit Court At Northgate Apartments In Seattle For $28.99M
11300 3rd Avenue Northeast
$28,990,000
Units
132
Asset Type
MultiFamily
Closing
Oct 13, 2026
About this deal
AI
A 132-unit multifamily property, known as the Court at Northgate, located at 11300 3rd Avenue Northeast in Seattle, WA, has been sold for a total transaction price of $28,990,000, equating to approximately $219,621 per unit.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $28,990,000
- Units: 132
- Price Per Unit: $219,621
- Buyer: Cadence Real Estate Advisors
- Seller: Local investor group
- Brokerage Firm: Marcus & Millichap
This deal was facilitated by Marcus & Millichap, highlighting the involvement of Cadence Real Estate Advisors as the buyer in this transaction of the multifamily asset.
On the Map
$28,990,000
MultiFamily
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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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93