Updated Oct 28, 2024
The Jacobson Company Sells Multifamily Property In Seattle For $90M
241 Yale Avenue North, Seattle, Washington 98109, United States
$90,000,000
Units
172
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multi-family property located at 241 Yale Ave N in Seattle, WA was recently sold in a closed transaction by The Jacobson Company. The deal was facilitated by Larry Jacobson from CBRE. The property consists of 172 units and was sold for a price of $90,000,000, resulting in a per unit price of $523,256.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $90,000,000
- Units: 172
- Price Per Unit: $523,256
- Seller: The Jacobson Company - Larry Jacobson
- Broker: CBRE
Larry Jacobson, representing The Jacobson Company, acted as the seller in this transaction. CBRE served as the brokerage firm responsible for facilitating the deal.
On the Map
$90,000,000
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93