Kidder Mathews Brokers Winslow Lee & Jerrid Anderson Close $15.2M Multifamily Sale In Redmond, WA
SOLD
$5,236,000
Washington
See Similar DealsMultiFamily
Sold 04/28/2023
SOLD
Kidder Mathews Brokers Winslow Lee & Jerrid Anderson Close $15.2M Multifamily Sale In Redmond, WA
8370 166th Ave Northeast
See Similar DealsMultiFamily
Sold 04/28/2023
Summary
WASHINGTON
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$279,253.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,602.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,821.31
Annual Debt Service$297,855.74
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