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4714 22nd Avenue Northeast

Updated Dec 4, 2024

NorthMarq Brokers Sell Mark Twain Apartments To Baldwin Sea LLC In Seattle Sale
SOLDMultiFamily

NorthMarq Brokers Sell Mark Twain Apartments To Baldwin Sea LLC In Seattle Sale

4714 22nd Avenue Northeast

$3,400,000

Units

12

Asset Type

MultiFamily

Closing

May 9, 2024

About this deal

AI

The sale involved the property located at 4714 22nd Avenue Northeast in Seattle, WA. The multifamily asset, known as Mark Twain Apartments, consists of 12 units, with a sale price of $3,400,000, translating to a price per unit of $283,333.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,400,000
  • Units: 12
  • Price Per Unit: $283,333
  • Address: 4714 22nd Avenue Northeast, Seattle, WA
  • Market: Seattle, WA
  • Buyer: Baldwin Sea LLC
  • Seller: MT Apartments LLC & Valley Professional Center LLC
  • Brokers: Casey Zejdlik, Matt Johnson & Taylor Wyman - NorthMarq

The NorthMarq’s Seattle Multifamily Investment Sales team, consisting of Taylor Wyman, Casey Zejdlik, and Matt Johnson, played a crucial role in the sale of the Mark Twain Apartments on behalf of the sellers, MT Apartments LLC and Valley Professional Center LLC.

Players

Taylor Wyman

NorthMarq

Broker

$3.4M

vol

1 deal

Broker

Seattle MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $283.3K per unit across 12 units on a published $3.4M (2024).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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