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Kidder Mathews Sells 121-Unit Northgate Apartments for $19M
Northgate Apartments, a former 121-unit senior living facility, sold for $19 million in a fully marketed sale by Kidder Mathews’ Simon and Anderson team. The property was marketed on behalf of an institutional owner.
Dylan Simon, Matt Laird, and JD Fuller of the Simon and Anderson team, a multifamily investment team based in Kidder Mathews’ Seattle headquarters, represented the seller. The buyer is a local, privately held real estate company. Kidder Mathews was the only broker involved in the transaction. The four-story building is located at 11501 15th Avenue NE in Northgate, a neighborhood 15 minutes north of downtown Seattle.
“We took the property to market 100% vacant and with no historical operations as a market-rate apartment building,” said Dylan Simon. “We ran a comprehensive and robust marketing campaign — resulting in our team hosting 45 tours, delivering 19 offers to our client, and closing the sale just 22 days from contract signing.”
