Updated Oct 12, 2026
11 Capital LLC Acquires Multifamily Property In Fife, WA From OpenPath Investments, LLC - Marcus & Millichap
2524 62nd Avenue East, Fife, Washington 98424, United States
$32,000,000
Units
124
Asset Type
MultiFamily
Closing
Sep 13, 2022
About this deal
AI
The multifamily property located at 2524 62nd Ave E in Fife, WA has been sold in a recent transaction. The property consists of 124 units and was sold for a total price of $32,000,000, resulting in a per unit price of $258,065. The sale was facilitated by brokers Philip Assouad, Giovanni Napoli, Ryan Harmon, and Nicholas Ruggiero from Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $32,000,000
- Units: 124
- Price Per Unit: $258,065
- Address: 2524 62nd Ave E, Fife, WA
11 Capital LLC acquired the property from OpenPath Investments, LLC in the transaction. The involvement of brokers from Marcus & Millichap indicates their role in representing the buyer and seller. The deal highlights the collaboration between these key individuals and companies in the real estate industry.
On the Map
$32,000,000
MultiFamily
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Players
Fife 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
0.50%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93