QUEEN ANNEMULTIFAMILY SITE

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THE OFFERINGPRENTISS ARCHITECTS, an award-winning firm specializing in residential architecture, has designed this building to fill a gap in new boutique luxury housing on the south slope of Queen Anne with architectural plans set approved including water proofing and envelope design. Located just 2 blocks away, Prentiss offices will be able to oversee the community to completion if desired. This site offers a unique opportunity on the south slope of Queen Anne. With permits and full architectural plans in place, it is ready for construction now. Currently on the site is a income-producing triplex whose tenants have signed 60-day notice-to-vacate clauses. The lack of new construction inventory in this location makes this an exclusive opportunity.

EXISTING SITE• Zoned LR2/MR (Mid-Rise)

• Existing 1-story triplex

• Anticipated 2015 GAI: $50,739

• Permit ready for 8-home multifamily building

• Tenants notified and signed a 60-day notice to vacate

• A++ Location

THE DESIGNMATRIX REAL ESTATE presents a permit-ready 8-home building site on the south slope of Queen Anne, one of Seattle’s most coveted locations.

8 HOMES | 6 STORIES | READY-TO-BUILD

• Gross Building SF: 17,689

• Net Habitable SF: 11,341

• Currently an income-producing triplex

• Excellent floor plans

• Architecture by award-winning Prentiss Architects

• Large private decks

• Rooftop community deck

• Fantastic downtown and Puget Sound views from upper floors

FEATURES

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PARKING GARAGE | The building has a controlled-access garage consisting of storage and room for 8 parking spaces. The garage has storage for every unit, as well as two separate building storage spaces with waste/recycling areas. Total area of parking is 2,572 sf with over 650 sf of total storage.

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THE LOCATIONA LOCATION THAT IS HARD TO BEAT! This multifamily building site is located on the prime south slope of Queen Anne on West Comstock Street off 2nd Ave. West, one block to the north of Seattle’s most scenic vistas—Kerry Park. Future residents will enjoy all their favorite services just outside their door—coffee shops, restaurants, parks and nightlife. The main corridor, Queen Anne Avenue, is a major bus line that makes access to Downtown effortless. Only blocks away, residents will enjoy all the amenities of the world class Seattle Center.

Buyers or renters looking for a new construction home on the south slope of Queen Anne have very limited options with little new construction in the last 5 years. Move-down buyers looking to trade out their large single-family home for a simpler lifestyle are waiting for the right floor plan and location to present itself. They already love the location, now they just need the opportunity.

FLOOR PLANS

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MATRIXREALESTATE.COM MATRIXREALESTATE.COM

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HOME #101 | 1,589 sq. foot 2 bedroom 2 bath, with 93 square feet of patio space. Entry to home directly from building lobby and additional exit to back of property.

HOME #102 | 744 sq. foot 1 bedroom 1 bath, with 112 square feet of patio space.

HOME #103 | 1,388 sq. foot 2 bedroom 2.5 bath with 135 square feet of deck space. This home is 2-story with entry on the ground level. There is one bedroom and bath plus walk in closet on the entry level. Upstairs is the main living space with access to large balcony and a large master suite.

HOME #201 | 1,589 sq. foot 2 bedroom 2 bath with a 69 sf deck. Home has private elevator access directly into home.

HOME #301 | 1,845 sq. foot 2 bedroom 2 bath with 1,076 sf of deck space. Third floor is similar to lower floor with private elevator access. Home has an additional studio space which is accessed via the 3rd floor private roof deck.

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HOME #401 | 1,702 square foot 2 bedroom 2 bath with 264, square feet of deck space. 4th floor will be the first home with significant view outlooks. Similar plan to home below minus the studio space.

HOME #501 | 1,422 square foot 2 bedroom 2 bath with 137 sf of deck space. 5th floor will have excellent downtown, Space Needle and Puget Sound views. Similar plan to the homes below however bedrooms flipped to the view side of the building.

HOME #601 | 1,422 square foot 2 bedroom 2 bath with 826 sf of deck space. Pent-house home with fantastic views, balcony off the main living area and also private rooftop deck on the south side of the building.

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FLOOR PLANS FLOOR PLANSHOME #101

HOME #102

HOME #103

HOME #201 HOME #301 HOME #401 HOME #501 HOME #601

MATRIXREALESTATE.COM

THE POTENTIALWe believe due to the quality of the location and design, this exciting south slope multifamily site is best suited as a condominium. Please contact us for more information on specific pricing and anticipated sellout numbers.

PRICED AT $1,395,00210 WEST COMSTOCK, SEATTLE(Just off 2nd Ave W)

SEATTLE NEW CONSTRUCTION CONDOMINIUM INVENTORYINISIGNIA: 588 Bell St. Seattle, Belltown, 80% sold, 700 total homesAverage Active Inventory (25 Units): 1,397 SF, $1,233,055, $861 per foot.Average Pending Inventory (278 Units): 1,104 SF, $823,472, $732 per footAverage Sold Inventory (289): 1,095 SF, $793,463, $706 per foot

LUMA: 1321 Seneca Street, First Hill, 16% Sold, 168 total homesAverage Active Inventory (31 Units): 914 SF, $700,724, $755 per footPending Inventory (19 Units): 711 SF, $480,739, $678 per footNo Sold Inventory, sales began September 2015. Construction complete summer 2016.

GRIDIRON: 589 Occidental Avenue S, Pioneer Square, 15% Sold, 107 total homesAverage Active Inventory (10 Units): 881 SF, $733,405, $831 per footCurrently in reservation mode, no officially pending homes.

VIK: 1760 NW 56th Street, Ballard, 78% sold, 117 total homesAverage Active Inventory (5 units): 790 SF, $457,100, $567 per footAverage Pending Inventory (81 Units): 729 SF, $388,369, $530 per footNo Closings, building scheduled to be complete January 2016

CONTACT FOR MORE INFORMATION:STEVE SNIDER206.714.2404SSNIDER@MATRIXREALESTATE.COM