Veritas Investments Acquires 44-Unit Bellefield Manor Multifamily In Bellevue, WA For $16.1M
1830 108th Avenue Southeast
$16,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 14, 2023
AI
Bellefield Manor, a 44-unit apartment community located at 1830 108th Avenue Southeast in downtown Bellevue, Washington, has been sold for $16.1 million. The property, spanning 1.8 acres, was brokered by Cushman & Wakefield.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $16,100,000
- Units: 44
- Price Per Unit: $365,909
- Market: Bellevue, WA
Cushman & Wakefield represented both the buyer, Veritas Investments, and the seller in this transaction. The deal was facilitated by brokers Dan Chhan, Matt Kemper, Sam Wayne, and Tim McKay.
Players
Bellevue 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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93