back to top
Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage company business in Nevada.
© 2024 Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Berkadia® and Berkadia Commercial Mortgage® are trademarks of Berkadia Commercial Mortgage LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. For state licensing details for the above entities, visit www.berkadia.com/licensing.
offices in bellevue & seattle
bellevue
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
206.521.7220
seattle
601 Union Street
Suite 3909
Seattle, WA 98101
206.521.7220
Privacy
terms of use
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Investment Advisors
Michael Manolides
Associate Director 253.670.2143 michael.manolides@berkadia.com
Associate Director 253.670.2143 michael.manolides@berkadia.com
Robert Doxsee
Managing Director 425.777.0235 robert.doxsee@berkadia.com
Managing Director 425.777.0235 robert.doxsee@berkadia.com
Mortgage Banking
contact us to learn more
brandon lawler
Senior Director 206.484.8114 brandon.lawler@berkadia.com
Senior Director 206.484.8114 brandon.lawler@berkadia.com
chad blenz
Senior Director 206.491.2008 chad.blenz@berkadia.com
Senior Director 206.491.2008 chad.blenz@berkadia.com
jay timpani
Managing Director 206.999.3206 jay.timpani@berkadia.com
Managing Director 206.999.3206 jay.timpani@berkadia.com
Steven chattin
Managing Director 425.269.3826 steven.chattin@berkadia.com
Managing Director 425.269.3826 steven.chattin@berkadia.com
Mitchell Belcher
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
Managing Director 425.891.9594 mitchell.belcher@berkadia.com
year built
1996
Building Size
9,605 NRSF
Current Cap Rate
5.53%
total units
9 + 1 Retail Space
List Price
$3.5M
investment highlights
Turnkey, well-maintained, with upside
Turnkey Opportunity: Well-maintained community comprised of an ideal mix of one- and two-bedroom units averaging 862 square feet
Commercial Income: Oversized ground-level retail with commercial tenant generating $35k additional income annually
Additional Upside: 2,040 SF existing workspace on ground floor offers opportunity to subdivide and convert to additional units
Amenities include:
In-unit washers and dryers, private balconies in all units, and vinyl plank flooring in select units
Unparalleled Access: Incredible location down the street from Northgate Mall redevelopment, including NHL Seattle Headquarters, Interstate 5, and Northgate light rail station
exclusively offered by berkadia seattle
9 Units + Retail Minutes from Northgate Light Rail Station and NHL Seattle Headquarters
Vista Apartments 1018 NE 112th Street | Seattle, WA 98125
highlights
overview
overview
deal room
deal room
contact
contact
listings
listings
OVERVIEW
DEAL ROOM
LOCATION
LISTINGS
Terms of Use
Privacy
CONTACT
Secured garage parking:
12 underground parking spaces provide the property with a significant market advantage and additional income opportunities
Minimal Deferred Maintenance:
$150k+ spent on renovations and capital expenditures in last two years including three balcony replacements, upgraded signage, five-year fire sprinkler recertification, and complete overhaul of common areas
Retail Space
Renovated Living Area
Renovated Kitchen
Primary contact
Jay Timpani
email
Call
