Ballard 57

1731 NW 57th St Seattle , WA 98107
  • Sale Price: $11,000,000
  • Per Unit Value: $229,000/unit
  • Square Footage Value: $763/sf
  • Investor return on original equity: 54%

 

Developed and successfully leased a 48-unit new construction community in Seattle’s highly desirable Ballard neighborhood, featuring modern studios and one-bedroom apartments. Despite a competitive market, disciplined execution and a favorable acquisition basis drove strong leasing performance and achieved premium rents of up to $4.00/SF.