Seattle · Commercial sale
Apartment complex at 403 Belmont Ave E in Seattle sells for $20.39 million
An apartment complex at 403 Belmont Ave E, Seattle sold for $20,388,870 on October 7, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $20,388,870
- Sold
- October 7, 2026
- Property type
- Apartment complex
- Lot size
- 7,200 sq ft
An apartment complex at 403 Belmont Ave E in Seattle sold for $20,388,870. King County Department of Assessments' sales records date the sale to October 7, 2026. Assessor's records list a $2,880,000 market value. The sale price was 7.1 times that value.
The record lists Brook IV LLC as the seller.
Assessor's records show a 7,200-square-foot lot.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in King County?
By our estimate, the seller's two largest charges, not counting prorations, were $580,741.10 for the state real estate excise tax (graduated) and $101,944.35 for the local real estate excise tax (0.50%). Who pays what follows King County custom.
How much did the seller net?
By our estimate, the seller netted about $19,615,585. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $20,340,103 at closing. That covers the full price and closing costs.
Source: King County Department of Assessments, real property sales, document 3398413. Property details: King County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
