Cushman & Wakefield Facilitates Sale Of James Bon Apartments In Seattle For $3.1M
8541 Phinney Avenue North
$3,100,000
Building Size
—
Asset Type
MultiFamily
Closing
Apr 24, 2024
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.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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