Updated Oct 28, 2026
Bell Partners Acquires 261-Unit Leva On Market Multifamily Property In Seattle For $95M
1545 Northwest Market Street
$95,000,000
Units
261
Asset Type
MultiFamily
Closing
Oct 26, 2026
About this deal
AI
The property asset involved in this transaction is a 261-unit multifamily development located at 1545 Northwest Market Street in Seattle, WA, referred to as Leva on Market. The transaction was completed for a total of $95 million, amounting to approximately $363,985 per unit.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $95,000,000
- Buyer: Bell Partners
- Seller: Affiliate of BlackRock Realty Advisors
- Units: 261
- Price Per Unit: $363,985
Bell Partners was the buyer in this transaction, acquiring the property from an affiliate of BlackRock Realty Advisors. Notable features of the property include a lounge, courtyard, and grilling and picnic areas, adding to the appeal of the multifamily asset in the Ballard neighborhood.
On the Map
$95,000,000
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