Updated Dec 21, 2023
Newmark Brokers $65.5M Sale Of 114-Unit Multifamily Property In Bainbridge Island, WA
747 Hanami Ln NE, Bainbridge Island, Washington 98110, United States
$65,500,000
Units
114
Asset Type
MultiFamily
Closing
Sep 13, 2022
About this deal
AI
The multifamily property located at 747 Hanami Ln NE in Bainbridge Island, WA has been sold in a closed transaction. The property consists of 114 units and was sold for a total price of $65,500,000, resulting in a per unit price of $574,561.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $65,500,000
- Units: 114
- Price Per Unit (PPU): $574,561
- Market: Bainbridge Island, WA
The sale of this multifamily property was facilitated by Marty Leith of Newmark, who represented the involved parties in the transaction.
Players
Bainbridge Island 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
0.24%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93