Updated Oct 29, 2024
MJW Investments Acquires 126-Unit Multifamily Property In Redmond, WA For $54M
7805 170th Place Northeast Redmond, Washington 98052, Usa
$54,000,000
Units
126
Asset Type
MultiFamily
Closing
Jun 16, 2023
About this deal
AI
The multifamily property located at 7805 170th Place Northeast in Redmond, WA has been sold for a total price of $54,000,000. The property consists of 126 units, with each unit costing approximately $428,571.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $54,000,000
- Units: 126
- Price Per Unit: $428,571
MJW Investments has acquired the property from G.W. Williams Company. The deal was facilitated by brokers Matthew Balkman and David Chapman from Turning Point Realty Advisors.
The multifamily sale at 7805 170th Place Northeast Redmond, Washington 98052, Usa in Redmond, Washington sold for $54M in 2023. Reported inventory is 126 units across 126 units. Named participants on the 7805 170th Place Northeast Redmond, Washington 98052, Usa sale are Matthew Balkman, David Chapman. This page is the Redmond, Washington file for the 7805 170th Place Northeast Redmond, Washington 98052, Usa multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Redmond sit in the Market section below. Filter that Redmond multifamily set by closing date to see what else sold near 7805 170th Place Northeast Redmond, Washington 98052, Usa around 2023. Published consideration for 7805 170th Place Northeast Redmond, Washington 98052, Usa is $54M, dated 2023. Cite this MJW Investments Acquires 126-Unit Multifamily Property In Redmond, WA For $54M sale when underwriting similar multifamily product around Redmond, Washington.
Players
Redmond 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
0.29%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93