Seattle, WA – December 17, 2025 – Cushman & Wakefield announced today that the firm has arranged the sale of Greenlake Terrace Apartments, a 48-unit multifamily community built in 1986 and located at 7415 5th Ave NE in Seattle’s highly sought-after Green Lake neighborhood. The property sold for $16,500,000.
Cushman & Wakefield’s Matt Kemper, Tim McKay, Dan Chhan, Jacob Odegard, Dylan Roeter and Byron Rosen represented the seller, Open House Westwood, and procured the buyer, a local family office planning to continue the property’s value-add renovation program.
“The combination of location, scale and renovation potential generated strong buyer interest and a highly competitive sale process,” said Kemper.
Greenlake Terrace Apartments offers residents desirable amenities including secure garage parking, a bike room and updated common areas. Located just blocks from Green Lake Park, one of Seattle’s premier outdoor destinations, the community provides immediate access to miles of walking and biking trails, year-round recreational amenities and a wide array of nearby retail, dining and entertainment options.