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
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