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1701 Dexter Avenue North

Kidder Mathews Sells 65-Unit Multifamily Property At 1701 Dexter Avenue N For $18.85M
SOLDMultiFamily

Kidder Mathews Sells 65-Unit Multifamily Property At 1701 Dexter Avenue N For $18.85M

1701 Dexter Avenue North

$18,850,000

Building Size

Asset Type

MultiFamily

Closing

Jul 9, 2024

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

Dylan Simon

Kidder Mathews

Broker

$365.8M

vol

15 deals

Broker

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