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Cushman & Wakefield has arranged the sale of the Roy Vue Apartments, a historic multifamily community located at 615 Bellevue Ave E in Seattle’s Capitol Hill neighborhood. The 34-unit property changed hands for a final sale price of $11.5 million. The asset is positioned in the north end of Capitol Hill, an area described as offering residents strong walkability and proximity to major employment centers, transit options, dining, and retail.
Cushman & Wakefield represented the seller in the transaction. The team of Dylan Roeter, Tim McKay, Dan Chhan, Matt Kemper, Jacob Odegard, and Byron Rosen handled the assignment on behalf of the seller. No additional details about the buyer, seller, or their investment plans were disclosed in the source material.
Roy Vue Apartments is a wood-frame community comprising 34 residential units and totaling 34,059 net rentable square feet. The unit mix includes 30 one-bedroom, one-bath apartments and four two-bedroom, one-bath apartments. According to the information provided, the average unit size at the property exceeds 1,000 square feet, which is relatively large for a multifamily community compared with many typical apartment layouts, based solely on the data provided.
The community features a private landscaped courtyard that serves as a central amenity for residents. Additional physical characteristics include 9-foot ceilings within the units and 19 individual garages, along with updated building systems. These features are highlighted as distinguishing aspects of the historic property as it trades between owners.
The property’s location in Capitol Hill places residents within close proximity to major employment hubs and a range of transit options, as well as nearby dining and retail offerings. The walkable setting, together with the historic character of the building and larger-than-average unit sizes, positions Roy Vue Apartments as a distinctive multifamily asset in its immediate area. No information was provided on the timing of the sale beyond the announced closing, nor were cap rates, financing terms, or planned renovations disclosed.
The transaction, as described, centers on the conveyance of an existing, fully built multifamily community and the brokerage role played by Cushman & Wakefield’s investment sales team. Further details on the capital structure, buyer profile, or future repositioning strategy for Roy Vue Apartments were not included in the source text.
The post Cushman & Wakefield Brokers $11.5M Sale of Historic Roy Vue Apartments in Seattle appeared first on CRE Market Beat.
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