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Real Estate

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July 1, 2022

Alley24 apartments, with 172 SLU units, trades for $90M

Real Estate Editor

Photo by Jacobson Co. [enlarge]
Looking roughly south down Pontius, trees obscure the preserved old Richmond Laundry Building, which sits between the north and south apartment buildings.

The apartments at Alley24, at 241 Yale Ave. N., have sold for $90 million, according to King County records. The seller was MCI-Alley 24 LLC, an entity of Jacobson Co. of Los Angeles, which also announced the sale. Jacobson acquired the complex of two six-story buildings in December 2019 for $71.8 million.

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