Sharon Lee's Low Income Housing Institute Acquires Multifamily Property In Seattle For $17.1M | 5228 15th Avenue Northeast | MultiFamily | Sale

Summary

Sale

WASHINGTON

MultiFamily

The Low Income Housing Institute (LIHI) has acquired Jean Darsie Place, a recently constructed 58-unit affordable multifamily housing community in Seattle's University District. The property, located at 5228 15th Avenue Northeast, was sold by Isola Homes for a total of $17.1 million.

Summary of transaction details

Property Type: Multifamily
Sale Price: $17,100,000
Buyer: Sharon Lee - Low Income Housing Institute
Seller: Isola Homes
Date: 01/25/2024
Market: Seattle, WA

The buyer, Sharon Lee, representing the Low Income Housing Institute, successfully completed the acquisition of Jean Darsie Place. Isola Homes acted as the seller in the transaction, which took place on January 25, 2024. Through this deal, LIHI expands its portfolio with an affordable multifamily housing community in Seattle's University District.

Details

Deal Summary

SOLD

IMAGE: Sharon Lee DATE: 01/25/2024 ADDRESS: 5228 15th Avenue Northeast MARKET: Seattle, WA ASSET TYPE: Multifamily BUYER: Sharon Lee - Low Income Housing Institute SELLER: Isola Homes SALE PRICE: $17,100,000 NOTE: The Low Income Housing Institute (LIHI) has acquired Jean Darsie Place, a recently constructed 58-unit affordable multifamily housing community in Seattle's University District, for $17.1 million from Isola Homes.

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Address5228 15th Avenue Northeast

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