The Opportunity

Bertona Steps is a luxury multifamily property built in 2018. Located on the western side of Queen Anne, its convenient location, easy access, and modern construction allow an investor to navigate Seattle’s latest rental regulations and avoid the costly repairs typically associated with maintaining older multifamily properties in the area. 

Bertona Steps comprises eight luxurious condominium-style apartments, including four loft apartments ranging from 771 to 808 square feet, and four two-bedroom, one-bath units, each measuring 1,020 square feet. The units feature high-end design elements, such as oversized windows, plank flooring, stainless steel appliances, in-unit Whirlpool washer/dryers, air conditioning, quartz countertops, and more.

AGM’s Strategic Role

As the exclusive representative for this transaction, Troy Gessel and the Lee & Associates team assisted the seller in identifying a qualified investor, while navigating sale structuring and closing timelines in a highly competitive market. The team’s familiarity with income and expense proformas played a crucial role in showcasing the property’s transition from a VRBO rental to a long-term investment.

 Why This Matters

Seattle’s multifamily market continues to evolve as a long-term housing solution, and investors are adapting accordingly; Bertona Steps is a step toward this goal. The recent sale reflects the ongoing demand from investors seeking balanced returns that align with Seattle’s expectations.

What This Reflects About AGM

This transaction underscores AGM’s hands-on brokerage and advisory expertise in the In City multifamily marketplace—matching functional product with the right buyer profile and market moment. It also demonstrates AGM’s continued presence in the Seatle marketplace as both a transactional advisor and strategic operator across syndication, asset management, and redevelopment consulting.