Updated Oct 29, 2024
Low Income Housing Institute Acquires Multifamily Property In Seattle For $21M
225 Harvard Avenue East, Seattle, Washington 98102, United States
$21,000,000
Units
71
Asset Type
MultiFamily
Closing
Nov 30, 2022
About this deal
AI
The multifamily property located at 225 Harvard Ave E in Seattle, WA has been sold. The transaction took place on November 30, 2022, with a sale price of $21,000,000. This property consists of 71 units, resulting in a price per unit (PPU) of $295,775.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $21,000,000
- Address: 225 Harvard Ave E, Seattle, WA
- Market: Seattle, WA
- Buyer: Low Income Housing Institute
- Units: 71
- PPU: $295,775
The buyer in this transaction was the Low Income Housing Institute. They have acquired this multifamily property for affordable housing purposes. The deal was facilitated by their representative in the 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93