Northmarq brokers $4.425 million sale of 17-unit mixed-use apartment property in Seattle
SEATTLE (March 26, 2024) — Northmarq’s Seattle Multifamily Investment Sales team of Casey Zejdlik, Matt Johnston and Taylor Wyman brokered the $4.425 million sale of the View at Greenwood. The 17-unit mixed-use apartment asset was built in 2013 and is situated at 310 N 103rd St. in Seattle, Washington. Northmarq represented the seller, a China-based family office. The buyer was a Seattle-based private investor and repeat client of the Northmarq Seattle team.
“The View at Greenwood transaction provided the buyer several of the most sought-after “green lights” that the market is searching for in 2024 acquisitions,” said Johnston. “The building is a quality, modern-built asset that offered strong management upside and was financed via seller with very attractive terms. The sale solved issues for the seller given their desire to be free of management responsibilities, and they will continue to earn passive income backed by real estate that they are familiar with.”
Located in Seattle’s Greenwood neighborhood, the multifamily property is just 15 minutes from Downtown Seattle. View at Greenwood offers one- and two-bedroom apartment homes and two penthouse suites. The property boasts an excellent Walk Score of 87, and residents enjoy easy access to major thoroughfares such as Interstate 5 in addition to dining, shopping and major employers.
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Northmarq is a full-service capital markets resource for commercial real estate investors, offering seamless collaboration with top experts in debt, equity, investment sales, loan servicing, and fund management. The company combines industry-leading capabilities with a flexible structure, enabling its national team of experienced professionals to create innovative solutions for clients. Northmarq's solid foundation and entrepreneurial approach have built an annual transaction volume of more than $39 billion and a loan servicing portfolio of more than $76 billion. Through the 2022 acquisition of Stan Johnson Company and Four Pillars Capital Markets, Northmarq established itself as a provider of opportunities across all major asset classes. For more information, visit: www.northmarq.com.
