Kidder Mathews’ Simon | Anderson Multifamily Team has arranged the off-market sale of Anchor House Apartments, an 18-unit waterfront property located at 2714 Fairview Avenue East in Seattle’s Eastlake neighborhood. The asset sold for $6.75 million.
Dylan Simon, Jerrid Anderson, Matt Laird, and Jack Shephard represented the seller, Casal Real Property, LLC. The buyer, Anchor House Apartments, LLC, acquired the property in an all-cash, non-contingent transaction, signaling a strong long-term investment strategy. “This transaction reflects the continued strength of Seattle’s core multifamily market, especially for well-located assets with waterfront appeal,” said Anderson.
Positioned along the shores of Lake Union, Anchor House offers direct waterfront access and panoramic views. The property presents significant value-add potential in a high-demand submarket, making it a desirable investment opportunity.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
Learn more
An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
Learn more
The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California