Updated Oct 28, 2024
AEKP Real Estate LLC Acquires 54-Unit Multifamily Property In Seattle, WA For $16M
4239 8th Avenue Northeast, Seattle, Washington 98105, United States
$16,000,000
$1,020/SF
Building Size
15,682 SF
Asset Type
MultiFamily
Closing
Jan 4, 2022
About this deal
AI
The multifamily property located at 4239 8th Ave NE in Seattle, WA has been sold in a recent transaction. The property consists of 54 units with a price per unit (PPU) of $296,296. The total square footage of the property is 15,682, with a price per square foot (PPSF) of $1020. The sale price for the property was $16,000,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $16,000,000
- Units: 54
- PPU: $296,296
- SF: 15,682
- PPSF: $1020
- Address: 4239 8th Ave NE, Seattle, WA
- Market: Seattle, WA
The buyer in this transaction was AEKP Real Estate LLC, while the seller was Kamiak Real Estate Partners represented by Manuel Garibay.
On the Map
$16,000,000
$1,020/SF
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
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93