The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
March 29, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?





MULTIFAMILY NEWS
Printer-friendly Version   Email an Associate
Seattle Res Community Trades for $104 Mil

10/25/22

624 Yale, a 206-unit luxury apartment community in Seattle, sold for $104 mil, or $505k/unit. Built in 2018, the property is located adjacent to I-5 in the city’s South Lake Union district.

Photo: Jennifer Clark/Porchlight Photography
Photo: Jennifer Clark/Porchlight Photography
The nine-story building was designed with concrete and steel construction and offers a mix of studio, one-bedroom and two-bedroom floorplans with an average unit size of 711 sf, as well as fitness, work and meeting amenities. The property also has a hidden speakeasy lounge and two rooftop terraces with panoramic views of the Seattle skyline and Lake Union.

624 Yale is steps from Lake Union and approximately five minutes from downtown Seattle. The property is within walking distance to several large tech and life sciences employers, restaurants, and fitness studios.

Jon Hallgrimson, Eli Hanacek, Mark Washington and Kyle Yamamoto with CBRE’s Pacific Northwest multifamily team represented the seller in the deal.

“The property’s central location to high-paying employers, abundant entertainment options, and outdoor amenities at Lake Union made 624 Yale an attractive investment option. The property’s high-rise quality of construction also offered a rare opportunity to acquire an asset at a significant discount to replacement cost,” said Yamamoto.





Return to the Archive page
 


 
 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media