Updated Jul 13, 2026
Goodman Real Estate Sells Multifamily Properties Near Seattle For $172 Million With CBRE
12377 137th Place Northeast & 10712 5th Avenue Northeast
$172,000,000
Units
430
Asset Type
MultiFamily
Closing
Jul 10, 2026
About this deal
AI
Two newly developed multifamily properties located at 12377 137th Place Northeast and 10712 5th Avenue Northeast were sold in the Redmond and Seattle, WA market for a combined price of $172 million. The properties consist of a total of 430 units, resulting in a price per unit of $400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $172,000,000
- Units: 430
- Price Per Unit: $400,000
- Seller: Goodman Real Estate
- Market: Redmond & Seattle, WA
- Brokers: Eli Hanacek, Kyle Yamamoto & Natalie Kasper - CBRE
CBRE represented Goodman Real Estate in the sale of the properties, while the identities of the buyers remain undisclosed. The transaction reflects a significant investment in the multifamily housing sector in the Seattle area.
On the Map
$172,000,000
MultiFamily
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Redmond 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93