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7805 170th Place Northeast ...

Updated Oct 29, 2024

MJW Investments Acquires 126-Unit Multifamily Property In Redmond, WA For $54M
SOLDMultiFamily

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

Matthew Balkman

Broker

$54M

vol

1 deal

Broker

Redmond MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $428.6K per unit across 126 units on a published $54M (2023).

Visit Matthew Balkman to view all their deals.

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

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