Sidney Apartments
400 Wall St | Seattle, WA 98121
Queen Anne Flats
521 2nd Ave W | Seattle, WA 98119
OPPORTUNITY
Sidney Apartments
- Address
- City, State, Zip
- County
- Parcel Number(s)
- Zoning
- Site Size/Acreage
- Built
- Units
- Buildings
- Stories
- Rentable SF
- Average Unit SF
- Average Market Rent
- Average Market Rent/SF
- Commercial Spaces
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- Annual Commercial Rent/SF
Queen Anne Flats
- Address
- City, State, Zip
- County
- Parcel Number(s)
- Zoning
- Site Size/Acreage
- Built
- Units
- Buildings
- Stories
- Rentable SF
- Average Unit SF
- Average Market Rent
- Average Market Rent/SF
INVESTMENT HIGHLIGHTS
Sidney Apartments
Core‑Plus Asset in a Premier Urban Submarket: 128‑unit multifamily community located in the heart of Belltown, one of Seattle’s most affluent and walkable urban neighborhoods.
Compelling Value‑Add Upside: Built in 2000 with select units already renovated, which provides a clear path for new ownership to complete interior upgrades and drive rent growth.
Queen Anne Flats
Modern, High‑Quality Construction: Built in 2014, the 33‑unit community features premium finishes across all units with efficient studio, one‑bedroom, and two‑bedroom floor plans.
Desirable Unit Mix & Amenities: Unit sizes range from 395–734 SF, complemented by a rooftop deck offering views of Queen Anne and the Puget Sound.
Flexible Ownership Strategy: Currently co‑managed with The Sidney; can operate as a standalone asset or as part of a portfolio under new ownership.
Seattle Core
Strong Demand Drivers from Tech & Biotech Employment: Within approximately one mile of major employers including Amazon, Google, and Meta, supporting sustained demand from high‑income, white‑collar renters.
Favorable Demographics and Income Profile: Average household incomes over $190,000, reinforcing renter affordability and long‑term rent growth potential.
Resilient and Rebounding Urban Market: Seattle’s urban core population has grown 53% over the last decade, with return‑to‑office mandates revitalizing foot traffic and neighborhood vibrancy.
Tailwinds from Global Visibility and Economic Momentum: Seattle’s role as a host city for the 2026 World Cup underscores the city’s continued rebound and long‑term economic resilience.
Tailwinds from Global Visibility and Economic Momentum: Concentration of high‑income employment, unmatched walkability, and urban lifestyle appeal support durable occupancy and favorable rent growth prospects.
Contact Us
Investment Sales
BEN JOHNSON
Managing Director
WA CRE #114515
206.801.3144
[email protected]
DAVID SORENSEN
Managing Director
WA CRE #26603
206.801.3102
[email protected]
GEORGE PALLIS
Senior Director
WA CRE #138339
206.801.3070
[email protected]
PETER DUDUNAKIS
Associate Director
WA CRE #24008898
206.795.4169
[email protected]
Mortgage Bankers
ROBERT DOXSEE
Managing Director
425.777.0235
[email protected]
MICHAEL MANOLIDES
Senior Director
253.670.2143
[email protected]
CONNOR LEMLEY
Associate Director
206.455.1592
[email protected]
Bellevue Office:
411 108th Avenue NE
Suite 1080
Bellevue, WA 98004
425.230.2565
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berkadia.com/northwest
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