28-Unit Sausalito Waterfront Apartment Building Trades for $15.55MM
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed multifamily deal value tracked in September 2026: $11.6B across 138 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
A 28-unit waterfront apartment building at 120 Bulkley Avenue in Sausalito has traded for $15.55 million, or roughly $555,500 per unit, in one of Marin County's most supply-starved waterfront markets. The post 28-Unit…
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