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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
INVESTMENT ADVISORS
Primary Contact:
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
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TCO Expected within 30 days
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New Construction with 91 Units
Address
City, State, Zip
Price
Units
Year Built
Total Size
Parcel Nos.
Total Lot Size
Zoning
County
421 Belmont Ave E
Seattle, WA 98102
$26,000,000
91
2024
27,728 NRSF
684820-0490
0.17 acres
MR (M)
King
Chad Blenz
Senior Director
206.491.2008
chad.blenz@berkadia.com
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.
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
contact
Phone: 206.521.7220
Fax: 206.521.7222
Privacy | Terms of Use
The Opportunity
/ Brand-new build in Seattle’s Capitol Hill neighborhood two blocks north of E. Olive
/ Qualifies for Multifamily Tax Exemption Program, allowing ownership to receive a property tax exemption for up to 12 years
/ Option for 80% recap with buyout option
/ Rapidly increasing population (projected to grow 16%+ by 2028) within one mile; more than 57% of housing units renter occupied within one mile
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New Construction
with 91 Units
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ Light Rail station within 0.4 miles; five-minute walk to Broadway bus stop with three metro routes offered; Interstate 5 accessible within a five-minute drive
Chad Blenz
Senior Director
206.491.3826
chad.blenz@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Jay Timpani
Managing Director
206.999.3206
jay.timpani@berkadia.com
Steven Chattin
Managing Director
425.269.3826
steven.chattin@berkadia.com
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
INVESTMENT ADVISORS
Our team
Back to Top
View Listings
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.
contact
Phone: 206.521.7220
Fax: 206.521.7222
Seattle office
601 Union St, Suite 3909
Seattle, WA 98101
bellevue office
411 108th Avenue NE, Suite 1080
Bellevue, WA 98004
/ Qualifies for Multifamily Tax Exemption Program, allowing ownership to receive a property tax exemption for up to 12 years
/ Brand-new build in Seattle’s Capitol Hill neighborhood two blocks north of E. Olive
/ Option for 80% recap with buyout option
/ Numerous employers within biking distance: Amazon, Google, Apple; QFC and Seattle Library within three blocks; Pike/Pine corridor located within a 15-minute walk
/ Light Rail station within 0.4 miles; five-minute walk to Broadway bus stop with three metro routes offered; Interstate 5 accessible within a five-minute drive
421 Belmont Ave E
Seattle, WA 98102
Units
91
built
2024
total size
27,728 NRSF
Parcels
684820-0490
Lot size
0.17 acres
zoning
MR (M)
Price
$26,000,000
Mitchell Belcher | Managing Director
425.891.9594
mitchell.belcher@berkadia.com
425.891.9594
mitchell.belcher@berkadia.com
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The Opportunity
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TCO Expected within 30 days
Option to be Delivered Fully Vacant at Closing
Option to be Delivered Fully Vacant at Closing
/ Amenities include air conditioning on top two floors, luxury rooftop deck with views, terraces on select units, common kitchen and amenity lounge, bike storage, and lofted unit floorplans
/ Numerous employers within biking distance: Amazon, Google, Apple; QFC and Seattle Library within three blocks; Pike/Pine corridor located within a 15-minute walk
/ Rapidly increasing population (projected to grow 16%+ by 2028) within one mile; more than 57% of housing units renter occupied within one mile
/ Amenities include air conditioning on top two floors, luxury rooftop deck with views, terraces on select units, common kitchen and amenity lounge, bike storage, and lofted unit floorplans