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.
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