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Kidder Mathews Sells 65-Unit Multifamily Property At 1701 Dexter Avenue N For $18.85M
SOLD
Washington
See Similar DealsMultiFamily
Sold 07/09/2024
SOLD
Kidder Mathews Sells 65-Unit Multifamily Property At 1701 Dexter Avenue N For $18.85M
1701 Dexter Avenue North
See Similar DealsMultiFamily
Sold 07/09/2024
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The property asset involved in this transaction is a multifamily building located at 1701 Dexter Avenue North in Seattle, WA. This Class A apartment building comprises 65 units and was sold for $18.85 million, resulting in a price per unit of $290,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $18,850,000
- Units: 65
- Price Per Unit: $290,000
- Market: Seattle, WA
The key individuals involved in the deal are Dylan Simon, JD Fuller, Jerrid Anderson, and Matt Laird, who represent the brokerage firm Kidder Mathews in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,005,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,970.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$89,358.62
Annual Debt Service$1,072,303.40
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