Updated Dec 4, 2024
Cushman & Wakefield Facilitates Sale Of James Bon Apartments In Seattle For $3.1M
8541 Phinney Avenue North
$3,100,000
Units
12
Asset Type
MultiFamily
Closing
Apr 24, 2024
About this deal
AI
The James Bon Apartments, a multifamily building located at 8541 Phinney Avenue North in Seattle, WA, was sold for $3.1 million. The property consists of 12 units, equating to an average price of $258,333 per unit.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Units: 12
- Price Per Unit: $258,333
- Address: 8541 Phinney Avenue North, Seattle, WA
- Market: Seattle, WA
Cushman & Wakefield played a crucial role in facilitating the sale of the James Bon Apartments. The transaction was managed by brokers Dan Chhan, Dylan Roeter, Jacob Odegard, Matt Kemper, and Tim McKay from Cushman & Wakefield, who successfully closed the deal with a local apartment operator. The sale exemplifies the expertise and dedication of the brokering team in orchestrating successful property transactions in Seattle's real estate market.
On the Map
$3,100,000
MultiFamily
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Seattle 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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93