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
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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