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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
Beau Krueger
Associate Director
beau.krueger@berkadia.com
INVESTMENT ADVISORS
Primary Contact:
Mitchell Belcher
Managing Director
425.891.9594
mitchell.belcher@berkadia.com
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TCO Expected within 90 days
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New Luxury Build with 92 Units
in an Opportunity Zone
Address
City, State, Zip
Price
Units
Year Built
Total Size
Parcel Nos.
Total Lot Size
Zoning
County
157 12th Avenue
Seattle, WA 98122
$32,200,000
92
2024
32,418 NRSF
219760-0621, 219760-0620
0.16 acres
NC3P-75 (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
/ Newly-constructed luxury studios in an Opportunity Zone, offering benefits to investors who elect to temporarily defer tax on capital gains
/ Qualifies for Multifamily Tax Exemption Program, allowing ownership to receive a property tax exemption for up to 12 years
/ Proximity to multiple transit options provides immediate access to downtown Seattle, First Hill, and Capitol Hill neighborhoods
/ Situated in an area with high displacement risk according to City’s Tenant Relocation Assistance Ordinance (TRAO)
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New Luxury Build
with 92 Units in an Opportunity Zone
Brandon Lawler
Senior Director
206.484.8114
brandon.lawler@berkadia.com
/ Built Green 4-Star
Artur Otto
Associate Director
artur.otto@berkadia.com
artur Otto
Associate Director
artur.otto@berkadia.com
Beau krueger
Associate Director
beau.krueger@berkadia.com
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
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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
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
Patrick harmon
Associate Director
patrick.harmon@berkadia.com
/ Newly-constructed luxury studios in an Opportunity Zone, offering benefits to investors who elect to temporarily defer tax on capital gains
/ Qualifies for Multifamily Tax Exemption Program, allowing ownership to receive a property tax exemption for up to 12 years
/ Proximity to multiple transit options provides immediate access to downtown Seattle, First Hill, and Capitol Hill neighborhoods
/ Amenities include a rooftop terrace, community courtyard, bike storage, and dog wash
/ Built Green 4-Star
157 12th Avenue
Seattle, WA 98122
Units
92
built
2024
total size
32,418 NRSF
Parcels
219760-0621, 219760-0620
Lot size
0.16 acres
zoning
NC3P-75 (M)
Price
$32,200,000
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 90 days
Option to be Delivered Fully Vacant at Closing
Option to be Delivered Fully Vacant at Closing
/ 1,750-square-foot retail space, ideal for service-based offerings
/ Situated in an area with high displacement risk according to City’s Tenant Relocation Assistance Ordinance (TRAO)
/ Half-block proximity to bus and street car stops and within a 5-minute drive of Interstates 5 and 90
/ Amenities include a rooftop terrace, community courtyard, bike storage, and dog wash
/ 1,750-square-foot retail space, ideal for service-based offerings
/ Half-block proximity to bus and street car stops and within a 5-minute drive of Interstates 5 and 90