Seattle Condo Authority Network • Downtown
298-unit Downtown high-rise at 1415 2nd Ave. One of Downtown Seattle's larger condominium towers, completed 1991.
Building Profile
| Building Name | Newmark Tower |
| Address | 1415 2nd Ave |
| Year Built | 1991 |
| Total Units | 298 |
| Stories | Data to be verified |
| Neighborhood | Downtown, Seattle, WA |
| HOA Fees | $500–$1,100/mo (est.) |
| Price Range | $400K–$1.5M+ |
| Rental Policy | Data to be verified |
| Building Type | High-Rise |
About This Building
Newmark Tower at 1415 2nd Ave is one of Downtown Seattle's larger condominium high-rises, delivering 298 residences into the heart of the urban core. Completed in 1991, the building predates Seattle's condo construction boom of the 2000s and offers established HOA reserves along with a long history of ownership data.
The building's Downtown location places residents within walking distance of Pike Place Market, the Seattle Art Museum, and the retail and dining corridors of 2nd and 3rd Avenues. Transit access includes Link Light Rail and multiple bus lines converging near the building.
As a 1990s construction, Newmark Tower units have typically been renovated by successive owners, creating a range of finish levels across the building. Buyers will find both move-in-ready renovated units and value-add opportunities at below-market pricing relative to newer construction.
Jeff Reynolds maintains detailed transaction history at Newmark Tower, including HOA financial data and floor plan performance. Contact Jeff for current listings, recent comparable sales, and a buyer consultation specific to this building.
Buyer Analysis
Newmark Tower is a 298-unit Downtown building at 1415 2nd Ave, built in 1991. As one of Downtown's larger and longer-established condo communities, it has a 34-year HOA track record. Jeff Reynolds's assessment covers the building's durable strengths, cautions, and key buyer questions.
Since 1991, Newmark Tower has generated one of Downtown Seattle's longest condo HOA histories. Reserve contributions, assessment patterns, capital project outcomes, and governance evolution are all documented across multiple market cycles.
One of Downtown's larger buildings. Consistent transaction volume supports reliable comparable sales data and broad buyer pool at resale. Appraisals are well-anchored.
Steps from Pike Place Market, Westlake Center, and Downtown's core office corridor. Second Avenue's position in Seattle's urban grid places Newmark Tower at the heart of the city's pedestrian network.
298 units at a 1991 vintage produces some of Downtown's more accessible large-building pricing. Buyers who need scale, comparable sales reliability, and a central address find Newmark Tower competitive.
At 34 years old, Newmark Tower has been through multiple major capital cycles and will continue to require significant reserve contributions. The reserve study is the most critical document a buyer of this building should review.
34 years of ownership means unit condition varies widely. Some units retain 1991 mechanical, electrical, or finish specifications. Unit-level inspection and a full condition assessment are essential.
What is the current percent-funded status and what major capital projects are in the 10-year reserve plan? For a 34-year-old building, this is a non-negotiable due diligence step.
Has the building levied any special assessments in the past 10 years? Are any currently proposed? HOA meeting minutes will document the history.
Advisory
Newmark Tower appeals to buyers who want a large, proven Downtown building with a second-avenue address at pricing that reflects the 1991 vintage. These profiles describe who fits the building.
Newmark Tower delivers 298-unit scale, a proven Second Avenue address, and 34 years of HOA documentation at pricing below comparable 2007–2024 Downtown construction. Buyers who prioritize location and comparable sales reliability over new finishes consistently find Newmark Tower competitive.
298 units with 34 years of resale history means Newmark Tower is one of Downtown's most documentable buildings. Buyers who are risk-averse by nature and want maximum due diligence data before committing find this building's depth of financial history reassuring.
Buyers who have owned older condos before—and understand how to read reserve studies and evaluate capital risk—find Newmark Tower's pricing reflects a knowable rather than unknowable risk profile.
34 years of consistent resale demand from a Prime Downtown address suggests Newmark Tower's buyer pool is durable through market cycles. Long-term holders who plan to own for 10+ years benefit from the building's established market position.
Market Data
Newmark Tower prices at a 1991-vintage discount to newer Downtown buildings, which is one of the most persistent and predictable value gaps in Seattle's condo market.
Entry-level Downtown 1991 vintage pricing. Renovated units with upper-floor city or water views trade toward the top.
Primary resale segment. Condition and floor level are the dominant drivers of position within this range.
The upper end of Newmark's range. Large renovated floor plans on upper floors with the best view corridors.
Newmark Tower's 34-year resale history and 298-unit scale produce consistently reliable comparable sales data. The 1991-vintage discount to newer Downtown inventory is a durable feature of the building's pricing. Contact Jeff Reynolds for current listings and recent closed sale data.
Knowledge Base
Before buying any Seattle condo, these guides answer the questions every buyer should resolve about HOA finances, financing eligibility, and closing requirements.
What condo HOA fees cover, how they're calculated, and what to look for in a building's fee structure.
How reserve funds work, what percent-funded means, and why the reserve study matters before you buy.
How rental caps, owner-occupancy ratios, and HOA delinquency rates affect your loan eligibility.
What the resale certificate contains, why it matters, and the key red flags buyers should watch for.
Explore More
Other condos in Downtown Seattle at a similar price tier, with links to full building profiles, buyer analysis, and current market data.
See all buildings: Browse all Downtown Seattle condo buildings →
Frequently Asked Questions
Newmark Tower is located at 1415 2nd Ave, Seattle, WA, in Downtown Seattle. The building is within walking distance of Pike Place Market, the Seattle Art Museum, and major transit connections including Link Light Rail at Westlake Station. The address sits on 2nd Avenue, one of Downtown Seattle's primary residential corridors.
Newmark Tower has 298 residences, making it one of Downtown Seattle's larger condominium buildings. The building was completed in 1991 and has an established ownership history. Unit mix and specific floor plan data is available from Jeff Reynolds.
Newmark Tower was completed in 1991. As a 1990s building, it predates Seattle's condo boom and offers established HOA reserves and a long history of ownership data. Units have typically been updated by successive owners, so finish levels vary across the building.
HOA fees at Newmark Tower are estimated in the $500–$1,100 per month range depending on unit size, though current figures should be verified directly. The building's age and size typically support competitive fee structures with well-funded reserves. Contact Jeff Reynolds for verified HOA financial data.
Newmark Tower's central Downtown location and 298-unit scale make it a liquid asset in Seattle's condo market. As a 1991 building, buyers can find below-replacement-cost pricing relative to newer construction. Rental feasibility depends on current HOA rental policy, which Jeff Reynolds can verify for buyers.
Your Downtown Condo Specialist
Jeff Reynolds is Seattle's leading specialist in urban condominiums, with deep expertise in Newmark Tower and every building in the Seattle Condo Authority Network. If you're buying or selling at Newmark Tower, Jeff has the data, the relationships, and the track record to represent you.
Jeff tracks every sale at Newmark Tower, maintains HOA financial data, and knows which floor plans and view orientations hold value best. This depth of building-level knowledge is what separates a specialist from a generalist.
Jeff Reynolds • Seattle Condo Authority Network • jeff.reynolds@compass.com
Current listings, recent sales, HOA financials, and buyer strategy. No obligation.