SOLDMultiFamily
Blue Magma Residential Acquires St. Louis Multifamily For $73.5M
110 North 17th Street
$73,500,000
Building Size
—
Asset Type
MultiFamily
Closing
Oct 27, 2022
AI
A multifamily property located at 110 N 17th St in St. Louis, MO has been sold. The property consists of 769 units and was sold for a total price of $73,500,000, resulting in a per unit price of $95,579. The transaction took place on October 27, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $73,500,000
- Address: 110 N 17th St, St. Louis, MO
- Market: St. Louis, MO
- Buyer: Blue Magma Residential
- Seller: Mills Properties - Bruce Mills & Kirk Mills
- Brokers: Daniel Wiele & Tom Maloney - MMG
Daniel Wiele and Tom Maloney from MMG represented the buyer and seller in this transaction.
Players
Saint Louis 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93