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

Property Image
SOLD
$94,800,000
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1

Washington

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MultiFamily
Sold 09/19/2025
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Property Image
SOLD

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

430 8th Avenue North

See Similar Deals
MultiFamily
Sold 09/19/2025
Mark Washington
Kyle Yamamoto
Eli Hanacek
+ 1
the dealplayerscompscontact
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Summary

WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale

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
Eli Hanacek
20 deals$1.7B volume
BROKER
Mark Washington
CBRE
Mark Washington
18 deals$1.6B volume
BROKER
Kyle Yamamoto
CBRE
Kyle Yamamoto
20 deals$1.7B volume
BROKER
Natalie Kasper
CBRE
Natalie Kasper
7 deals$572.9M volume
BROKER
CBRE
CBRE
BROKERAGE

Details

SOLD
IMAGE: 09/19/2025 ADDRESS: 430 8th Avenue North MARKET: Seattle, WA ASSET TYPE: Multifamily BROKERS: Kyle Yamamoto, Eli Hanacek, Mark Washington & Natalie Kasper - CBRE SALE PRICE: $94,800,000 UNITS: 211 ~ PPU: $449,289 NOTE: CBRE arranged the $94.8 million sale of 8th + Republican Apartments, a 211-unit multifamily property in Seattle’s South Lake Union. A confidential institutional investor acquired the asset, with CBRE’s Eli Hanacek, Kyle Yamamoto, Mark Washington and Natalie Kasper representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$5,056,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$336,804.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$449,400.36
Annual Debt Service$5,392,804.38