Updated Sep 9, 2024
Kidder Mathews Brokers Winslow Lee & Jerrid Anderson Close $15.2M Multifamily Sale In Redmond, WA
8370 166th Ave Northeast
$5,236,000
Units
15,236,000
Asset Type
MultiFamily
Closing
Apr 28, 2023
About this deal
AI
A multifamily property located at 8370 166th Ave Northeast in Redmond, WA has been sold for a total price of $15,236,000. The property consists of 38 units, with a per unit price of $400,497.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $15,236,000
- Address: 8370 166th Ave Northeast, Redmond, WA
- Units: 38
- Price per Unit: $400,497
- Brokers: Winslow Lee & Jerrid Anderson - Kidder Mathews
The sale was facilitated by Winslow Lee and Jerrid Anderson of Kidder Mathews, who represented the buyers and sellers in the transaction. Their expertise and negotiation skills contributed to the successful completion of the deal.
On the Map
$5,236,000
MultiFamily
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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
3.03%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93