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
Saint Paul MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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