Updated Oct 16, 2026
Josef Stanzl Purchases 47-Unit Apartment Building From Stream Real Estate For $20.4M In Seattle
403 Belmont Avenue East
$20,400,000
Units
47
Asset Type
MultiFamily
Closing
Oct 15, 2026
About this deal
AI
The property involved in this transaction is a multi-family apartment building located at 403 Belmont Avenue East in Seattle, WA. It consists of 47 units and was sold for a total price of $20.4 million, translating to a price per unit of $434,043.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $20,400,000
- Units: 47
- Price Per Unit: $434,043
- Buyer: Josef Stanzl
- Seller: Stream Real Estate
- Transaction Date: 10/15/2026
- Market: Seattle, WA
Josef Stanzl acquired the property from developer Stream Real Estate, marking a significant transaction in Seattle's Capitol Hill neighborhood.
On the Map
$20,400,000
MultiFamily
View full map
Players
Belmont MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse Washington multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93