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430 8th Avenue North

Confidential Institutional Investor Acquires 211-Unit Multifamily Property In Seattle For $94.8M
SOLDMultiFamily

Confidential Institutional Investor Acquires 211-Unit Multifamily Property In Seattle For $94.8M

430 8th Avenue North

$94,800,000

Building Size

Asset Type

MultiFamily

Closing

Sep 19, 2025

AI

430 8th Avenue North is a multifamily property located in Seattle, WA, comprising 211 units. The asset was sold for $94,800,000, translating to a price per unit of $449,289. This transaction took place on September 19, 2025.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $94,800,000
  • Units: 211
  • Price Per Unit: $449,289
  • Market: Seattle, WA

CBRE arranged the sale of 430 8th Avenue North with Eli Hanacek, Kyle Yamamoto, Mark Washington, and Natalie Kasper representing the seller. A confidential institutional investor acquired the asset in this transaction.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker
CBRE
CBREBrokerage

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

0.17%

Cash-on-Cash

-0.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93