Mehdi Mejjati Acquires Resi Apt On Prairie Ave In Miami Beach For $2.75M
3726 Prairie Ave, Miami Beach, FL 33140, USA
$2,750,000
$744/SF
Building Size
3,695 SF
Asset Type
Mixed-use
Closing
Aug 9, 2020
AI
The property located at 3726 Prairie Ave in Miami Beach has been sold in a recent transaction. This residential property falls under the category of Apartments, Condos, Co-ops, and Houses. The sale was facilitated by Mehdi Mejjati from BarnesMiami. The property was sold for a price of $2,750,000.
Summary of transaction details
- Property Type: Resi Apt / Condo / Co-Op / Houses
- Transaction Amount: $2,750,000
- Address: 3726 Prairie Ave
- Market: Miami Beach
Mehdi Mejjati, representing BarnesMiami, played a crucial role in the sale of this property. The deal demonstrates the expertise and professionalism of Mehdi Mejjati in the real estate market.
Players
Miami Beach Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93