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1305 Northeast 43rd Street,...

Colliers Acquires Multifamily Building In Seattle For $24M
SOLDMultiFamily

Colliers Acquires Multifamily Building In Seattle For $24M

1305 Northeast 43rd Street, Seattle, Washington 98105, United States

$24,000,000

Building Size

Asset Type

MultiFamily

Closing

Jul 26, 2022

AI

Located at 1305 NE 43rd St in Seattle, WA, this multifamily property was recently sold in a closed transaction. The property consists of 80 units and was sold for a total price of $24,000,000, resulting in an average price per unit of $300,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $24,000,000

The transaction was facilitated by the brokers Tim Mckay, Dan Chhan, Sam Wayne, and Matt Kemper from Colliers. Their expertise and representation played a crucial role in the successful completion of the deal.

Players

Tim McKay

Cushman & Wakefield

Broker

$289.6M

vol

16 deals

Broker
Colliers
ColliersBrokerage

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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93