Updated Dec 4, 2024
Ron Zeff Of Carmel Properties Acquires Multifamily Complex In Seattle For $92M
1212 Harrison Street
$92,000,000
Units
275
Asset Type
MultiFamily
Closing
Jun 14, 2024
About this deal
AI
A 275-unit multifamily complex located at 1212 Harrison Street in Seattle, WA, was sold for $92 million. The price per unit for this property equated to $334,545, and the transaction took place on June 14, 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $92,000,000
- Units: 275
- Buyer: Ron Zeff - Carmel Properties
- Market: Seattle, WA
Ron Zeff from Carmel Properties acquired the 275-unit complex at 1212 Harrison Street for $92 million, marking a $22 million decrease from its previous sale five years ago.
On the Map
$92,000,000
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
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93