Updated Oct 29, 2024
Green Leaf Capital Partners Acquires Seattle Multifamily For $35M
4689 Martin Luther King Jr Way South Seattle, Washington 98108, USA
$35,000,000
Units
96
Asset Type
MultiFamily
Closing
May 18, 2023
About this deal
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
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