Updated Dec 4, 2024
Kidder Mathews Sells 65-Unit Multifamily Property At 1701 Dexter Avenue N For $18.85M
1701 Dexter Avenue North
$18,850,000
Units
65
Asset Type
MultiFamily
Closing
Jul 9, 2024
About this deal
AI
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.
On the Map
$18,850,000
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
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93