Blue Magma Residential Acquires St. Louis Multifamily For $73.5M

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.