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4689 Martin Luther King Jr ...

Green Leaf Capital Partners Acquires Seattle Multifamily For $35M
SOLDMultiFamily

Green Leaf Capital Partners Acquires Seattle Multifamily For $35M

4689 Martin Luther King Jr Way South Seattle, Washington 98108, USA

$35,000,000

Building Size

Asset Type

MultiFamily

Closing

May 18, 2023

AI

The multifamily property located at 4689 Martin Luther King Jr Way South in Seattle, WA has been sold for a total of $35,000,000. The property consists of 96 units, resulting in a price per unit of $364,583.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $35,000,000
  • Address: 4689 Martin Luther King Jr Way South, Seattle, WA
  • Number of Units: 96
  • Price per Unit: $364,583

The buyer of the property is Green Leaf Capital Partners, while the seller is BDR Holdings, LLC. The transaction was facilitated by the brokers Philip Assouad, Ryan Harmon, Nicholas Ruggiero, and Anthony Palladino from Institutional Property Advisors.

Players

Philip Assouad

Institutional Property Advisors

Broker

$952.3M

vol

22 deals

Broker
GP
Green Leaf Capital PartnersBuyer

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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93