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INVESTMENT ADVISORS
MORTGAGE BANKING
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Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
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fully permitted for 136 units
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Fully Permitted Development Site for 136 Units with Dual Street Frontage
Address
City, State, Zip
Price
Total Lot Size
Units Proposed
Permit Status
Parcel No.
Zoning
County
5011 15th Ave NW
Seattle, WA 98107
$3,900,000
9,607 SF / 0.22 acres
136
Fully Permitted
276770-1750
C1-75 (M)
King
maximizing rent per square foot
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 loan brokerage business in Nevada.
© 2023 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://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
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/ 0.22-acre development site in Seattle’s highly sought-after Ballard neighborhood with highly visible frontage on both NW 51st Street and 15th Avenue NW
/ Fully permitted for the development of 136 micro and live/work units across 5 stories designed by Hybrid Architecture
/ 4 blocks from proposed location of Sound Transit’s Ballard Light Rail Station; immediate access to major thoroughfares with direct access into downtown Seattle
/ Property’s central location will support consistent future rental demand and attract working professionals who value proximity to transit, amenities, and employers
/ Site zoning is C1-75(M) with Ballard Hub Urban Village overlay
/ Proposed design has frontage on 15th Ave NW, a principal arterial, and NW 51st St
/ Project will provide needed high quality housing to a rapidly growing area, extending multifamily density located along 15th Ave NW
/ Location highly appeals to young professionals who value proximity to transit options, employment hubs, and amenities
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Fully Permitted Development Site for 136 Units with Dual Street Frontage
/ Nearly 60% of housing units within a 1-mile radius are renter-occupied, compared to 36% for the Seattle metro
/ Site features a warehouse to be demolished, and is fully permitted for unit mix of 136 micro and live/work apartments averaging 215 SF
INVESTMENT ADVISORS
MORTGAGE BANKING
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 loan brokerage business in Nevada.
© 2023 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 the Tax Credit Syndication group. For state licensing details for the above entities, visit: https://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
/ Site features a warehouse to be demolished, and is fully permitted for unit mix of 136 micro and live/work apartments averaging 215 SF
5011 15th Ave NW
Seattle, WA 98107
Units Proposed
Parcel
total Lot size
zoning
county
136
276770-1750
9,607 SF / 0.22 acres
C1-75 (M)
King
/ Fully permitted for the development of 136 micro and live/work units across 5 stories designed by Hybrid Architecture
/ 4 blocks from proposed location of SoundTransit’s Ballard Light Rail Station; immediate access to major thoroughfares with direct access into downtown Seattle
/ Property’s central location will support consistent future rental demand and attract working professionals who value proximity to transit, amenities, and employers
/ Nearly 60% of housing units within a 1-mile radius are renter occupied, compared to 36% for the Seattle metro
/ Occupancy expected to increase by 20 bps by year-end 2023, with 1,028 new deliveries projected during the four quarters ending in 4Q23
/ Occupancy expected to increase by 20 bps by year-end 2023, with 1,028 new deliveries projected during the four quarters ending in4Q23
fully permitted for 136 units
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
Artur Otto
Associate Director
artur.otto@berkadia.com
Beau Krueger
Associate Director
beau.krueger@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Chad Blenz
Senior Director
206.491.2008
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
Michael Manolides
Associate Director
253.670.2143
michael.manolides@berkadia.com
Robert Doxsee
Managing Director
425.777.0235
robert.doxsee@berkadia.com
artur Otto
Associate Director
artur.otto@berkadia.com
Beau krueger
Associate Director
beau.krueger@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
brandon lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
Chad Blenz
Senior Director
206.491.3826
chad.blenz@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
Price
$3,900,000