Kidder Mathews Arranges Sale of 79‑Unit Apartment Property in Seattle
Kidder Mathews has arranged the sale of John Winthrop Apartments, a 79-unit multifamily property located at 1020 Seneca Street in Seattle’s historic First Hill neighborhood.
Dylan Simon, Jerrid Anderson, and JD Fuller of the firm’s Simon | Anderson Multifamily Team represented the seller and procured the buyer. The buyer, Nordic Partners Investments, is an investment group specializing in value-add multifamily acquisitions throughout the city. “Well-maintained buildings of this vintage rarely come to market, and when they do—especially with meaningful value-add potential in a location this proven—they generate strong demand from experienced investors,” said Simon.
Built in 1925, John Winthrop Apartments offer studio and one-bedroom residences. Situated just east of downtown, the property is in close proximity to major employers, medical institutions, and transit options. Its walkable access to the Pike/Pine corridor provides access to dining, shopping, and entertainment options.
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout