Updated Dec 4, 2024
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
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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93