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624 Yale Avenue North, Seat...

CBRE Brokers Jon Hallgrimson, Eli Hanacek, Mark Washington & Kyle Yamamoto Sell Seattle Multifamily For $104M
SOLDMultiFamily

CBRE Brokers Jon Hallgrimson, Eli Hanacek, Mark Washington & Kyle Yamamoto Sell Seattle Multifamily For $104M

624 Yale Avenue North, Seattle, Washington 98109, United States

$104,000,000

Building Size

Asset Type

MultiFamily

Closing

Oct 24, 2022

AI

624 Yale Ave N, a multifamily property located in Seattle, WA, has been sold for a total price of $104,000,000. The transaction took place on October 25, 2022. The property, comprising of multiple residential units, offers a valuable investment opportunity in the Seattle market.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $104,000,000
  • Address: 624 Yale Ave N, Seattle, WA
  • Market: Seattle, WA

The sale of 624 Yale Ave N was facilitated by the brokerage team at CBRE. The deal was represented by Jon Hallgrimson, Eli Hanacek, Mark Washington, and Kyle Yamamoto, who played a significant role in ensuring the success of the transaction. Their expertise and knowledge of the market contributed to the completion of the deal, demonstrating their commitment to delivering exceptional service to their clients.

Players

Eli Hanacek

CBRE

Broker

$1.7B

vol

20 deals

Broker

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

0.15%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93