Kidder Mathews' Simon And Anderson Team Sell Northgate Apartments In Seattle For $19M

Northgate Apartments, a former 121-unit senior living facility located at 11501 15th Avenue Northeast in Seattle, WA, has been sold for $19 million. The property was listed and sold in a fully marketed sale by Dylan Simon, JD Fuller, and Matt Laird of Kidder Mathews, representing an institutional owner. The sale price equates to a per unit price of $157,025.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $19,000,000
• Units: 121
• Price Per Unit (PPU): $157,025
• Brokers: Dylan Simon, JD Fuller & Matt Laird - Kidder Mathews

The sale of Northgate Apartments was facilitated by Dylan Simon, JD Fuller, and Matt Laird of Kidder Mathews. The property, previously a senior living facility, attracted the attention of institutional buyers in the market. The transaction was conducted in a competitive market environment, with the Simon and Anderson team successfully representing the seller throughout the process.