MCS Revocable Trust Acquires Land Parcel In Miami Beach From Shamsu Lalani For $10.2M
2133 Meridian Avenue
$10,200,000
Building Size
—
Asset Type
Land
Closing
Jun 15, 2026
AI
The transaction involves a land parcel located at 2133 Meridian Avenue in Miami Beach. The sale was finalized for an amount of $10,200,000, reflecting the competitive nature of the Miami Beach market for high-value properties.
Summary of transation details:
- Property Type: Land
- Transaction Amount: $10,200,000
- Buyer: MCS Revocable Trust - Matthew C. Such as Trustee
- Seller: Shamsu Lalani
- Sale Date: June 15, 2026
Matthew C. Such represented the MCS Revocable Trust in the acquisition of the property from Shamsu Lalani, indicating a strategic decision to acquire land within a prime market area.
Players
Miami Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93