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250 East 6th Street

Ted Bigos Acquires Multifamily Property In Saint Paul For $33.9M
SOLDMultiFamily

Ted Bigos Acquires Multifamily Property In Saint Paul For $33.9M

250 East 6th Street

$33,900,000

$163/SF

Building Size

207,769 SF

Asset Type

MultiFamily

Closing

Jan 31, 2024

AI

The multifamily property located at 250 East 6th Street in Saint Paul, Minnesota, was sold for $33,900,000. The property comprises 258 units with a price per unit of $131,395. The total square footage of the asset is 207,769, with a price per square foot of $163.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $33,900,000
  • Units: 258
  • Price Per Unit: $131,395
  • Square Footage: 207,769
  • Price Per Square Foot: $163
  • Address: 250 East 6th Street, Saint Paul, Minnesota
  • Market: Saint Paul, Minnesota

Ted Bigos from Bigos Management acquired the property from Jeff Furber of AEW Capital Management. Josh Talberg from JLL represented the seller, Jeff Furber, in this transaction.

Players

Josh Talberg

JLL

Broker

$1.3B

vol

28 deals

Broker

Saint Paul MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.47%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93