Mehdi Mejjati Acquires Resi Apt On Prairie Ave In Miami Beach For $2.75M
SOLD
$2,750,000
Florida
See Similar DealsMixed-use3,695 SF
Sold 08/10/2020
SOLD
Mehdi Mejjati Acquires Resi Apt On Prairie Ave In Miami Beach For $2.75M
3726 Prairie Ave, Miami Beach, FL 33140, USA
See Similar DealsMixed-use3,695 SF
Sold 08/10/2020
Summary
FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$744
Total Square Footage:3,695 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
Is there something missing? Send suggestions