At a glance
- E. in Seattle's Capitol Hill, Connect CRE reported Oct. 21.
- At about $434,000 a unit, the sale gives allocators holding Seattle apartments in private funds, separate accounts or non-traded vehicles a check against Capitol Hill valuation marks.
- The buyer is Josef Stanzl, described in the release as a longtime Seattle-area multifamily investor.
Colliers announced the $20.4 million off-market sale of Stream 403, a 47-unit apartment building at 403 Belmont Ave. E. in Seattle's Capitol Hill, Connect CRE reported Oct. 21.
At about $434,000 a unit, the sale gives allocators holding Seattle apartments in private funds, separate accounts or non-traded vehicles a check against Capitol Hill valuation marks.
The buyer is Josef Stanzl, described in the release as a longtime Seattle-area multifamily investor. Colliers' Sam Wayne, Dylan Luxenberg and Reed Gustavsen handled the sale. Stream Real Estate Partners developed the seven-story building in 2017 on a 0.17-acre site at Belmont and Harrison. Connect CRE said the Puget Sound Business Journal reported the purchase.
The coverage does not disclose the building's occupancy, rents or cap rate.
Reported by the Real Estate desk from Connect CRE and Puget Sound Business Journal (cited by Connect CRE). Published . Updated Oct 25, 2026 · 11:47 a.m. ET. Corrections