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Kidder Mathews Arranges $42.6M Sale of Metro on First Apartments in Seattle

Summary by REBusinessOnline
SEATTLE — Kidder Mathews has arranged the $42.6 million sale of Metro on First, a multifamily property in Seattle’s Queen Anne neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily team represented the seller, a large institutional owner, and sourced the undisclosed buyer in the deal. Located at 215 First Ave. W., Metro on First offers 106 studio, one- and two-bedroom units. Originally built in …
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REBusinessOnlineREBusinessOnline

Kidder Mathews Arranges $42.6M Sale of Metro on First Apartments in Seattle

SEATTLE — Kidder Mathews has arranged the $42.6 million sale of Metro on First, a multifamily property in Seattle’s Queen Anne neighborhood. Dylan Simon, Jerrid Anderson and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily team represented the seller, a large institutional owner, and sourced the undisclosed buyer in the deal. Located at 215 First Ave. W., Metro on First offers 106 studio, one- and two-bedroom units. Originally built in …

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Yield PROYield PRO

Kidder Mathews Sells 106-Unit Metro on First in Queen Anne for $42.6M

Metro on First, a 106-unit apartment community in Seattle’s highly sought-after Queen Anne neighborhood, has sold for $42,600,000. Dylan Simon, Jerrid Anderson, and JD Fuller of Kidder Mathews’ Simon | Anderson Multifamily Team represented the seller — a large, institutional owner —and directly sourced the buyer. Originally built in 2001, Metro on First has undergone […] The post Kidder Mathews Sells 106-Unit Metro on First in Queen Anne for $42…

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The RegistryThe Registry

Equity Residential Sells 106-Unit Metro on First in Seattle for $42.6MM - The Registry

(EDITOR’S NOTE: According to public documents reviewed by The Registry, the seller was an entity affiliated with Equity Residential, which originally purchased the asset in 2005 for $20.7 million. In 2017 and 2019, Equity Residential also completed transactions with additional equity partners but retained a portion of ownership.) Seattle, Wash. (February 19, 2025) – Metro on First, a 106-unit apartment community in Seattle’s highly sought-after …

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The Registry broke the news in on Thursday, February 20, 2025.
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