Updated Dec 4, 2024
Seventh And James Apartments In Seattle's First Hill Neighborhood Sold For $26.9M
600 7th Avenue
$26,900,000
Units
96
Asset Type
MultiFamily
Closing
Oct 19, 2023
About this deal
AI
The mid-rise apartment building known as Seventh and James Apartments, located in Seattle's First Hill neighborhood, was recently sold for $26.9 million. The property was acquired by a large institutional owner several decades ago. Kidder Mathews, a brokerage firm, represented the seller in the transaction.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $26,900,000
- Address: 600 7th Avenue, Seattle, WA
- Market: Seattle, WA
- Brokers: Dylan Simon, JD Fuller, and Matt Laird - Kidder Mathews
- Units: 96
- Price per Unit (PPU): $280,208
Dylan Simon, JD Fuller, and Matt Laird, all representing Kidder Mathews, played crucial roles as brokers in facilitating the sale of Seventh and James Apartments. Their expertise in the Seattle real estate market contributed to the successful completion of the transaction.
On the Map
$26,900,000
MultiFamily
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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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93