Updated Aug 13, 2026
Equity Residential Sells MultiFamily Property At 215 1st Ave West Seattle For $42.6M
215 1st Ave. West
$42,600,000
Units
106
Asset Type
MultiFamily
Closing
Feb 26, 2025
About this deal
AI
The property asset involved in this transaction is a multi-family dwelling located at 215 1st Ave. West, Seattle, WA. The asset comprises 106 units and was sold for a total price of $42,600,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $42,600,000.00
- Address: 215 1st Ave. West
- Market: Seattle, WA
- Seller: Equity Residential
- Units: 106
The deal was executed on February 26, 2025. Equity Residential acted as the seller in this transaction, facilitating the sale of the property to the buyer.
Players
Seattle MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $401.9K per unit across 106 units on a published $42.6M (2025).
Browse Seattle multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93