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Lee & Associates Brokers $10.3M Sale Of Equinox Apartments In Seattle's Fremont Neighborhood
SOLD
$10,300,000
+ 1
Washington
See Similar DealsMultiFamily
Sold 09/04/2025
SOLD
Lee & Associates Brokers $10.3M Sale Of Equinox Apartments In Seattle's Fremont Neighborhood
711 North 35th Street
See Similar DealsMultiFamily
Sold 09/04/2025
+ 1
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
The asset involved in this transaction is a MultiFamily property located at 711 North 35th Street in Seattle, WA. The property comprises 28 units and was sold for a total transaction price of $10,300,000, with a price per unit of $367,857. The sale included $1.4 million specifically attributed to a cell tower on the premises.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $10,300,000
- Units: 28
- Price Per Unit: $367,857
- Address: 711 North 35th Street
- Market: Seattle, WA
The transaction was brokered by the Northwest Multifamily Team at Lee & Associates, consisting of Candice Chevaillier, Daniel Lim, Dea Sumantri, and Sara Bago. They facilitated the sale of the Equinox Apartments, showcasing their expertise in the Fremont neighborhood.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$549,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,593.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,827.25
Annual Debt Service$585,927.06
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